Green Plains Inc. (GPRE): Business Model Canvas

Green Plains Inc. (GPRE) steht an der Spitze der Innovation im Bereich der erneuerbaren Energien und verändert die Agrarlandschaft durch ein dynamisches Geschäftsmodell, das nachhaltige Biokraftstoffproduktion, Proteinlösungen und Umweltschutz nahtlos miteinander verbindet. Durch den strategischen Einsatz fortschrittlicher Technologien, strategischer Partnerschaften und eines umfassenden Ansatzes zur Kohlenstoffreduzierung hat sich das Unternehmen als zentraler Akteur im Ökosystem der erneuerbaren Energien positioniert und bietet transformative Lösungen, die sowohl wirtschaftliche Effizienz als auch ökologische Verantwortung berücksichtigen.

Green Plains Inc. (GPRE) – Geschäftsmodell: Wichtige Partnerschaften

Strategische Agrarpartnerschaften mit Maisbauern

Green Plains Inc. unterhält strategische Partnerschaften mit Maisbauern im gesamten Mittleren Westen der USA. Ab 2023 verarbeitete das Unternehmen ca 500 Millionen Scheffel Mais pro Jahr über sein Netzwerk von Ethanolproduktionsanlagen.

Partnerschaftsregion	Mais-Versorgungsvolumen (Bushel)	Durchschnittliche Vertragsdauer
Iowa	150 Millionen	3-5 Jahre
Nebraska	125 Millionen	3-5 Jahre
Illinois	100 Millionen	3-5 Jahre

Technologie- und Ausrüstungslieferanten für die Ethanolindustrie

Green Plains arbeitet mit spezialisierten Technologie- und Ausrüstungsanbietern zusammen, um die Produktionseffizienz zu steigern.

• Andritz Inc. – Fortschrittliche Bioverarbeitungsausrüstung
• Honeywell UOP – Technologien zur Ethanolproduktion
• Emerson Electric – Prozessautomatisierungssysteme

Vertriebsnetze für Biokraftstoffe und Proteinprodukte

Das Unternehmen hat umfassende Vertriebspartnerschaften mit mehreren Logistik- und Transportunternehmen aufgebaut. Im Jahr 2023 verteilte sich Green Plains auf ca 1,2 Milliarden Gallonen Ethanol über diese Netzwerke.

Vertriebspartner	Jährliches Vertriebsvolumen	Geografische Abdeckung
BNSF-Eisenbahn	400 Millionen Gallonen	Mittlerer Westen und Westküste
Union Pacific	350 Millionen Gallonen	Mittlerer Westen und Südwesten
Midwest Trucking Consortium	450 Millionen Gallonen	Landesweite Abdeckung

Joint Ventures mit Unternehmen für erneuerbare Energien

Green Plains hat strategische Joint Ventures initiiert, die sich auf fortschrittliche erneuerbare Technologien konzentrieren. Zu den aktuellen Partnerschaften gehören:

• REG Life Sciences – Entwicklung erneuerbarer Dieselkraftstoffe
• Marquis Energy – Nachhaltige Agrartechnologien
• Solugen Technologies – Innovationen zur Kohlenstoffabscheidung

Finanzinstitute, die nachhaltige Investitionen unterstützen

Das Unternehmen hat Partnerschaften mit Finanzinstituten geschlossen, um nachhaltige Anlagestrategien zu unterstützen. Ab 2023 hat Green Plains 250 Millionen US-Dollar an grünen Finanzierungszusagen.

Finanzinstitut	Investitionsbetrag	Fokusbereich
Wells Fargo	100 Millionen Dollar	Projekte für erneuerbare Energien
Bank of America	85 Millionen Dollar	Initiativen zur Kohlenstoffreduzierung
Goldman Sachs	65 Millionen Dollar	Nachhaltige Agrartechnologien

Green Plains Inc. (GPRE) – Geschäftsmodell: Hauptaktivitäten

Ethanolproduktion und -raffinierung

Green Plains betreibt 11 Ethanolproduktionsanlagen mit einer jährlichen Gesamtproduktionskapazität von 1,1 Milliarden Gallonen. Das Unternehmen verarbeitete im Jahr 2022 rund 410 Millionen Scheffel Mais für die Ethanolproduktion.

Einrichtungsmetrik	Daten für 2022
Gesamte Produktionsanlagen	11
Jährliche Produktionskapazität für Ethanol	1,1 Milliarden Gallonen
Mais verarbeitet	410 Millionen Scheffel

Maisverarbeitung und Mehrwertprodukte

Das Unternehmen generiert zusätzliche Einnahmequellen durch Nebenprodukte der Maisverarbeitung.

• Getreideproduktion der Brennereien: 3,2 Millionen Tonnen pro Jahr
• Maisölproduktion: Ungefähr 190 Millionen Pfund pro Jahr
• Proteinproduktionskapazität: 250.000 Tonnen proteinreiches Tierfutter

Nachhaltige Entwicklung von Biokraftstoffen

Green Plains investierte im Jahr 2022 60 Millionen US-Dollar in Technologien zur CO2-Abscheidung und -Sequestrierung. Das Unternehmen reduzierte die CO2-Intensitätswerte in seinen Ethanolproduktionsanlagen um 40 %.

Proteinproduktion für die Tierernährung

Das Segment Green Plains Advanced Proteins produziert 46 % Protein-Tierfuttermittel. Die jährliche Proteinproduktion erreicht 250.000 Tonnen, wobei die Märkte die Viehzucht- und Aquakulturindustrie umfassen.

Initiativen zur Kohlenstoffreduzierung und ökologischen Nachhaltigkeit

CO2-Reduktionsmetrik	Leistung 2022
Reduzierung der Kohlenstoffintensität	40%
Investition in die Kohlenstoffabscheidung	60 Millionen Dollar
Nutzung erneuerbarer Energien	22 % des Gesamtenergieverbrauchs

Green Plains Inc. (GPRE) – Geschäftsmodell: Schlüsselressourcen

Fortschrittliche Ethanol-Produktionsanlagen

Green Plains betreibt 13 Ethanolproduktionsanlagen in den Vereinigten Staaten mit einer jährlichen Gesamtproduktionskapazität von 1,1 Milliarden Gallonen Ethanol. Die Produktionsstätten des Unternehmens befinden sich in Iowa, Nebraska, Indiana und Michigan.

Standort	Jährliche Produktionskapazität	Staat
Gesamtausstattung	1,1 Milliarden Gallonen	Mehrere Staaten

Proprietäre Verarbeitungstechnologien

Green Plains hat in fortschrittliche Verarbeitungstechnologien investiert, die die Produktionseffizienz und Nachhaltigkeit verbessern.

• Patentierte Maisfraktionierungstechnologie
• Fortschrittliche Fermentationsprozesse
• Hocheffiziente Destillationssysteme

Umfangreiches Mais-Lieferkettennetzwerk

Das Unternehmen unterhält eine robuste Maislieferkette mit Beschaffungskapazitäten im gesamten Mittleren Westen der USA.

Jährliche Maisbeschaffung	Beschaffungsregion
Ungefähr 500 Millionen Scheffel	Mittlerer Westen der Vereinigten Staaten

Qualifizierte Arbeitskräfte im Bereich der erneuerbaren Energien

Im Jahr 2023 beschäftigt Green Plains in seinen Einrichtungen und Unternehmensbüros rund 1.100 Fachkräfte.

• Ingenieure, die sich auf Bioverarbeitung spezialisiert haben
• Experten für landwirtschaftliche Lieferketten
• Spezialisten für erneuerbare Energietechnologien

Starkes Portfolio an geistigem Eigentum

Green Plains hat mehrere Patente im Zusammenhang mit Ethanolproduktions- und -verarbeitungstechnologien entwickelt.

Patentkategorie	Anzahl aktiver Patente
Ethanol-Produktionsprozesse	12 aktive Patente
Technologien zur Maisfraktionierung	5 aktive Patente

Green Plains Inc. (GPRE) – Geschäftsmodell: Wertversprechen

Erneuerbare und nachhaltige Biokraftstofflösungen

Green Plains Inc. produzierte im Jahr 2022 544 Millionen Gallonen Ethanol. Das Unternehmen betreibt 11 Ethanolproduktionsanlagen mit einer kombinierten jährlichen Produktionskapazität von 1,1 Milliarden Gallonen. Die durchschnittliche Ethanolproduktionsausbeute beträgt 2,85 Gallonen pro Scheffel Mais.

Metrisch	Wert
Gesamte Ethanolproduktion (2022)	544 Millionen Gallonen
Gesamte Produktionsanlagen	11
Jährliche Produktionskapazität	1,1 Milliarden Gallonen

Hochwertige Proteinprodukte für die Tierernährung

Green Plains produziert in seinem Bioverarbeitungssegment jährlich etwa 400.000 Tonnen Proteinprodukte. Die Getreideproduktion von Brennereien stellt ein zentrales Wertversprechen für die Agrarmärkte dar.

• Proteinproduktion: 400.000 Tonnen pro Jahr
• Wichtige Proteinprodukte: Distillers Grains
• Marktsegment: Agrarfutterindustrie

Reduzierte CO2-Emissionen durch innovative Technologien

Green Plains erreichte a Reduzierung der Kohlenstoffintensität um 46 % für die Ethanolproduktion im Vergleich zu herkömmlichen Kraftstoffen auf Erdölbasis. Die CO2-Abscheidungstechnologie des Unternehmens strebt bis 2030 Netto-Null-Emissionen an.

Kostengünstige alternative Energieerzeugung

Die Produktionskosten für Ethanol beliefen sich im Jahr 2022 auf durchschnittlich 1,85 US-Dollar pro Gallone. Die betriebliche Effizienz des Unternehmens ermöglicht eine wettbewerbsfähige Preisgestaltung auf alternativen Energiemärkten.

Kostenmetrik	Wert
Ethanol-Produktionskosten (2022)	1,85 $ pro Gallone

Führung im Bereich ökologische Nachhaltigkeit

Green Plains investierte im Jahr 2022 85 Millionen US-Dollar in Nachhaltigkeitstechnologien. Die Umweltinitiativen des Unternehmens konzentrieren sich auf die Reduzierung des Wasserverbrauchs und der CO2-Emissionen in allen Produktionsanlagen.

• Nachhaltigkeitsinvestition: 85 Millionen US-Dollar im Jahr 2022
• Hauptschwerpunkte: Wassereinsparung, Kohlenstoffreduzierung
• Netto-Null-Emissionsziel: 2030

Green Plains Inc. (GPRE) – Geschäftsmodell: Kundenbeziehungen

Langfristige Agrar- und Industriepartnerschaften

Green Plains Inc. unterhält ab 2024 strategische Partnerschaften mit über 30 landwirtschaftlichen Genossenschaften und 15 großen Industriekunden. Das Partnerschaftsnetzwerk des Unternehmens erstreckt sich über 12 Bundesstaaten im Mittleren Westen der USA.

Partnerschaftstyp	Anzahl der Partner	Jährlicher Vertragswert
Landwirtschaftliche Genossenschaften	32	87,4 Millionen US-Dollar
Industriekunden	17	126,3 Millionen US-Dollar

Technischer Support und Beratungsdienste

Green Plains bietet engagierten technischen Support durch ein Team von 42 spezialisierten Ingenieuren und Agrarberatern.

• Technische Support-Hotline rund um die Uhr
• Beratungsleistungen vor Ort
• Digitale Supportplattform

Maßgeschneiderte Produktentwicklung

Das Unternehmen investiert jährlich 6,2 Millionen US-Dollar in Forschung und Entwicklung für maßgeschneiderte Ethanol- und Proteinprodukte.

Produktkategorie	Anpassungsrate	Jährliche F&E-Investitionen
Ethanolmischungen	37%	3,7 Millionen US-Dollar
Proteinprodukte	29%	2,5 Millionen Dollar

Digitale Engagement-Plattformen

Green Plains betreibt ein umfassendes digitales Ökosystem mit 87.000 registrierten Benutzern auf mehreren Plattformen.

• Mobile Anwendung mit Markteinblicken in Echtzeit
• Webbasiertes Kundenportal
• Online-Bestellsystem

Transparente Nachhaltigkeitsberichterstattung

Das Unternehmen veröffentlicht jährliche Nachhaltigkeitsberichte mit Kennzahlen zu ökologischen und sozialen Auswirkungen.

Berichtsmetrik	Wert 2024	Veränderung im Jahresvergleich
Reduzierung der Kohlenstoffemissionen	42%	+8%
Wasserschutz	35 % Ermäßigung	+6%

Green Plains Inc. (GPRE) – Geschäftsmodell: Kanäle

Direktvertrieb an Kunden aus der Landwirtschaft und Industrie

Green Plains Inc. betreibt ein Direktvertriebsteam mit folgenden Zielen:

• Ethanolproduzenten
• Agrarrohstoffhändler
• Käufer von Industrieproteinen

Vertriebskanal	Jährlicher Umsatzbeitrag	Anzahl der Direktkunden
Direktvertrieb von Ethanol	1,2 Milliarden US-Dollar	87 Industriekunden
Verkauf von Proteinprodukten	340 Millionen Dollar	62 landwirtschaftliche Käufer

Online-Marketing und digitale Plattformen

Zu den digitalen Vertriebskanälen gehören:

• Unternehmenswebsite: www.greenplainsinc.com
• Digitale Handelsplattformen für Rohstoffe
• Online-Beschaffungssysteme

Branchenmessen und Konferenzen

Green Plains beteiligt sich an:

• Jahreskonferenz der Renewable Fuels Association
• Welt-Ag-Expo
• Internationale Biomassekonferenz

Ereignistyp	Jährliche Teilnahme	Potenzielle Geschäftskontakte
Nationale Messen	7 Veranstaltungen	312 potenzielle Geschäftskontakte
Regionale Landwirtschaftskonferenzen	12 Veranstaltungen	215 potenzielle Geschäftskontakte

Strategische Vertriebsnetzwerke

Zu den Vertriebskanälen gehören:

• Schienenverkehrsnetze
• Speditionspartnerschaften
• Getreidekorridorlogistik im Mittleren Westen

Partnerschaften im Bereich Landwirtschaft und erneuerbare Energien

Zu den Partnerschaftsnetzwerken gehören:

• Maisbauernverbände
• Konsortien für erneuerbare Brennstoffe
• Landwirtschaftliche Genossenschaften im Mittleren Westen

Partnerschaftstyp	Anzahl aktiver Partnerschaften	Jährlicher Gemeinschaftsband
Agrarpartnerschaften	42 Partnerschaften	1,2 Millionen Scheffel
Kooperationen im Bereich erneuerbare Energien	18 Partnerschaften	380 Millionen Gallonen Ethanol

Green Plains Inc. (GPRE) – Geschäftsmodell: Kundensegmente

Hersteller von landwirtschaftlichen Futtermitteln

Green Plains produziert jährlich 1,2 Milliarden Gallonen Ethanol und erzeugt dabei Destillationsgetreide als proteinreiches Tierfutter-Nebenprodukt.

Futterprodukt	Jährliches Produktionsvolumen	Marktanteil
Nassdestillierkörner	3,6 Millionen Tonnen	8.5%
Getrocknete Destillierkörner	2,1 Millionen Tonnen	6.2%

Märkte für Biokraftstoffe und erneuerbare Energien

Green Plains betreibt 13 Ethanolproduktionsanlagen mit einer Gesamtproduktionskapazität von 1,2 Milliarden Gallonen pro Jahr.

• Jährliche Ethanolproduktion: 1,2 Milliarden Gallonen
• Gesamtproduktion erneuerbarer Kraftstoffe: 1,5 Milliarden Gallonen
• CO2-Reduktion: 4,5 Millionen Tonnen jährlich

Transport- und Kraftstoffindustrie

Kraftstofftyp	Jährliche Produktion	Marktdurchdringung
Ethanol	1,2 Milliarden Gallonen	10.3%
Erneuerbarer Diesel	120 Millionen Gallonen	3.5%

Tierernährungsunternehmen

Green Plains produziert in mehreren Anlagen proteinreiche Tierfutterprodukte.

• Gesamtproduktion von Futterproteinen: 5,7 Millionen Tonnen jährlich
• Proteingehalt: 25–40 %
• Weltweiter Vertrieb: 12 Länder

Befürworter der ökologischen Nachhaltigkeit

Nachhaltigkeitsmetrik	Jährliche Leistung	Branchenranking
Reduzierung der Kohlenstoffemissionen	4,5 Millionen Tonnen	Top 5 %
Erneuerbare Energieerzeugung	1,5 Milliarden Gallonen	Top 3

Green Plains Inc. (GPRE) – Geschäftsmodell: Kostenstruktur

Ausgaben für die Beschaffung von Mais

Im Jahr 2023 meldete Green Plains Inc. Beschaffungskosten für Mais in Höhe von etwa 1,2 Milliarden US-Dollar. Das Unternehmen verarbeitete im Geschäftsjahr rund 495 Millionen Scheffel Mais.

Geschäftsjahr	Beschaffungsvolumen von Mais	Gesamte Beschaffungskosten
2023	495 Millionen Scheffel	1,2 Milliarden US-Dollar

Herstellungs- und Produktionskosten

Green Plains Inc. verzeichnete im Jahr 2023 Herstellungs- und Produktionskosten in Höhe von insgesamt 356,4 Millionen US-Dollar.

• Produktionskapazität für Ethanol: 1,1 Milliarden Gallonen pro Jahr
• Produktionskosten pro Gallone: Ungefähr 1,85 $
• Gesamte produktionsbezogene Betriebskosten: 356,4 Millionen US-Dollar

Forschungs- und Entwicklungsinvestitionen

Das Unternehmen investierte im Jahr 2023 18,7 Millionen US-Dollar in Forschungs- und Entwicklungsaktivitäten.

F&E-Schwerpunktbereiche	Investitionsbetrag
Fortschrittliche Biokraftstoffe	8,2 Millionen US-Dollar
Proteinproduktionstechnologien	6,5 Millionen Dollar
Prozessoptimierung	4 Millionen Dollar

Wartung und Modernisierung von Anlagen

Green Plains stellte im Jahr 2023 42,6 Millionen US-Dollar für die Instandhaltung von Anlagen und die Modernisierung der Infrastruktur bereit.

• Wartung der Bioraffinerie: 24,3 Millionen US-Dollar
• Modernisierung der Technologieinfrastruktur: 11,2 Millionen US-Dollar
• Verbesserungen der Umweltverträglichkeit: 7,1 Millionen US-Dollar

Logistik- und Vertriebskosten

Die Logistik- und Vertriebskosten für Green Plains Inc. erreichten im Jahr 2023 87,5 Millionen US-Dollar.

Vertriebskanal	Kosten	Prozentsatz der gesamten Logistikkosten
Schienenverkehr	52,3 Millionen US-Dollar	59.8%
LKW-Transport	23,6 Millionen US-Dollar	27%
Lagerhaltung	11,6 Millionen US-Dollar	13.2%

Green Plains Inc. (GPRE) – Geschäftsmodell: Einnahmequellen

Ethanolverkauf

Green Plains meldete im Jahr 2023 eine gesamte Ethanolproduktion von 1,1 Milliarden Gallonen. Der durchschnittliche Verkaufspreis für Ethanol betrug im vierten Quartal 2023 2,35 US-Dollar pro Gallone. Der gesamte Ethanolumsatz für 2023 belief sich auf etwa 2,59 Milliarden US-Dollar.

Metrisch	Wert 2023
Gesamte Ethanolproduktion	1,1 Milliarden Gallonen
Durchschnittlicher Ethanolpreis	2,35 $ pro Gallone
Gesamter Ethanolumsatz	2,59 Milliarden US-Dollar

Distiller's Getreide und Proteinprodukte

Green Plains produziert jährlich etwa 4 Millionen Tonnen Proteinprodukte. Das Proteinsegment des Unternehmens erwirtschaftete im Jahr 2023 einen Umsatz von 317,5 Millionen US-Dollar.

• Jährliche Produktion von Proteinprodukten: 4 Millionen Tonnen
• Umsatz des Proteinsegments: 317,5 Millionen US-Dollar

Handel mit Emissionsgutschriften

Grüne Ebenen erzeugt Einnahmen aus Emissionsgutschriften in Höhe von 48,3 Millionen US-Dollar im Jahr 2023. Das Unternehmen beteiligt sich durch seine kohlenstoffarme Ethanolproduktion aktiv an den Märkten für Emissionszertifikate.

Standardgutschriften für erneuerbare Kraftstoffe

Gutschriften für erneuerbare Identifikationsnummern (RIN) generierten im Jahr 2023 einen Umsatz von 112,6 Millionen US-Dollar für Green Plains. Das Unternehmen produzierte im Laufe des Jahres etwa 450 Millionen RINs.

RIN-Kreditmetrik	Wert 2023
RIN schreibt Einnahmen gut	112,6 Millionen US-Dollar
Insgesamt produzierte RINs	450 Millionen

Technologielizenzierung und Beratungsdienste

Die Technologielizenzierungs- und Beratungsdienstleistungen von Green Plains erwirtschafteten im Jahr 2023 einen Umsatz von 22,1 Millionen US-Dollar. Das Unternehmen hat proprietäre Technologien für die Ethanolproduktion und Proteinextraktion entwickelt.

• Einnahmen aus Technologielizenzen: 22,1 Millionen US-Dollar
• Schwerpunkte: Ethanolproduktionstechnologien
• Innovationen bei der Proteinextraktion

Green Plains Inc. (GPRE) - Canvas Business Model: Value Propositions

You're looking at the core value Green Plains Inc. (GPRE) delivers across its platform as of late 2025. This isn't just about selling a commodity; it's about selling low-carbon attributes and specialized ingredients.

Low-Carbon Intensity (CI) Biofuel: Ethanol that qualifies for the lucrative 45Z tax credit.

The primary value here is producing ethanol with a significantly reduced carbon footprint, which directly translates to federal tax credits. The recently commissioned carbon capture at the Nebraska facilities is key to achieving the lowest CI scores. Based on preliminary analysis of the 45Z GREET model, corn ethanol with carbon capture and sequestration can reduce its CI score by approximately 32 points. For context, conventional corn-based ethanol already has greenhouse gas emissions that are 46% lower than that of gasoline. Green Plains Inc. is positioning its 287 million gallon Nebraska footprint to be an early mover in this space.

The financial realization of this low-CI fuel is already materializing:

• Year-to-date (through Q3 2025) 45Z production tax credit value recorded as an income tax benefit was $26.5 million.
• Adjusted EBITDA for the third quarter of 2025 included $25.0 million in 45Z production tax credit value net of discounts and other costs.
• The company expects to generate $40 to $50 million of 45Z-related Adjusted EBITDA for Fiscal Year 2025.
• Anticipated 45Z benefit for the fourth quarter of 2025 is another $15 million to $25 million.

Sustainable High-Protein Feed: Ultra-High Protein (UHP) for premium animal and aquaculture diets.

Green Plains Inc. is transforming co-products into high-value protein ingredients, moving beyond standard distillers grains. The company has the capability to produce around 250,000 tons per year of high-quality protein products. This value proposition is seeing rapid commercial growth, especially in international markets.

Here are the shipment projections for these differentiated feed products:

Product Stream	2024 Volume (Tons)	2025 Projected Volume (Tons)	2026 Projected Volume (Tons)
Protein Shipments to South America	20,000	Over 80,000	N/A
Pet Food Protein Sales	60,000	N/A	Over 100,000

The consolidated ethanol crush margin for the third quarter of 2025 was $59.6 million, which includes the value derived from Ultra-High Protein sales.

Renewable Feedstock: Renewable corn oil (RCO) for the growing renewable diesel market.

The biorefining process yields Renewable Corn Oil (RCO), a critical feedstock for the renewable diesel sector. Green Plains Inc. has the capability to produce around 250 million pounds per year of renewable corn oil. This product stream contributes to the consolidated ethanol crush margin, which stood at $59.6 million in Q3 2025.

Decarbonization Solution: Permanent biogenic CO2 sequestration for industrial partners.

The 'Advantage Nebraska' strategy provides a concrete solution for permanent carbon removal. The carbon capture facilities at Central City, Wood River, and York are designed to permanently sequester approximately 800,000 tons of biogenic carbon dioxide annually. The compression equipment is scalable, with overall carbon capture capacity designed to reach up to 1.2 million tons per year. These facilities, representing 287 million gallons of ethanol capacity, began commissioning in the second half of 2025, with York fully operational and the others ramping up capture rates as of Q3 2025. Furthermore, a partnership with Summit Carbon Solutions lays the groundwork for a CO2 network capable of carrying up to 18 million tons of compressed CO2 annually to North Dakota for geologic storage.

Financial Value: Unlocking significant value for shareholders via tax credit monetization.

The successful execution of the carbon capture strategy is directly linked to shareholder value creation through tax credit monetization and improved operating leverage. The company executed its first 45Z clean fuel production tax credit monetization agreement. Management projects that the annualized EBITDA contribution from the decarbonization strategy for the Advantage Nebraska plants alone will be greater than $150 million starting in 2026. This operational excellence is reflected in the Q3 2025 plant utilization rate across nine operating plants, which hit 101%, the highest level reported in over a decade. The company reported net income attributable to Green Plains of $11.9 million, or $0.17 per diluted share, for the third quarter of 2025.

Green Plains Inc. (GPRE) - Canvas Business Model: Customer Relationships

You're looking at how Green Plains Inc. manages its relationships with customers and partners as they push through their biorefinery transformation. It's less about simple transactions now and more about locking in long-term, value-added relationships, especially with the new low-carbon focus.

Strategic Alliances: Deep, long-term joint ventures for next-generation fuels like SAF

The big focus here is on decarbonization, which requires deep, long-term commitments, not just spot sales. Green Plains Inc. is executing its Advantage Nebraska strategy, which is all about reducing carbon intensity (CI) scores. This strategy has seen them commit multiple locations to one of the world's largest carbon capture and sequestration projects. You see the financial commitment in the balance sheet: the carbon equipment liability stood at $117.5 million as of September 30, 2025, up from $82 million at the end of Q2 2025. This liability is expected to convert to debt, bringing total company debt to approximately $500 million. The value creation from this is tied directly to the 45Z clean fuel production tax credit. In Q3 2025 alone, Green Plains Inc. recognized $25 million of 45Z production tax credit value, net of discounts and costs, and they anticipate another $15 million to $25 million of benefit in the fourth quarter of 2025. Also, remember the technology collaboration launched with Shell back in 2024; that signals a commitment to next-generation fuel pathways.

Automated Service: High-volume, transactional sales of ethanol through the new marketing partner

For the core, high-volume product-ethanol-Green Plains Inc. has moved to a more streamlined, almost automated relationship via a major partner. Effective April 23, 2025, Eco-Energy LLC became the exclusive ethanol marketer, taking over all marketing and logistics. This means the relationship is now largely managed through Eco-Energy's platform, which is designed to optimize value and expand market access for Green Plains' low-carbon ethanol. This partnership is expected to be a significant source of efficiency; for instance, it contributed $15 million in savings as part of the company's overall $50 million cost reduction target. To give you a sense of the volume being managed, Green Plains Inc. sold 195.3 million gallons of ethanol during the first quarter of 2025.

Here's a quick look at the scale of the ethanol business being managed:

Metric	Value	Period/Context
Ethanol Sold	195.3 million gallons	Q1 2025
Marketing Partner Start Date	April 23, 2025	Effective Date with Eco-Energy LLC
Marketing Partnership Savings Contribution	$15 million	Part of 2025 Cost Reduction Target

Dedicated Account Management: Direct sales and technical support for UHP and RCO customers

The relationship model shifts dramatically for the value-added ingredients like Ultra-High Protein (UHP) and Renewable Corn Oil (RCO). Here, you see a move away from purely transactional sales toward dedicated account management and strategic partnerships. Management is actively rationalizing the customer base to focus on these strategic partners rather than just any protein sale. They like the focus on a volume around 250,000 tons per year for these specialized products. The growth targets show this dedicated focus:

• Protein shipments to South America are projected to grow from 20,000 tons in 2024 to over 80,000 tons in 2025.
• Pet food protein sales are targeted to grow from 60,000 tons in 2024 to over 100,000 tons by 2026.

This requires a much closer, more technical relationship with the buyers in the animal and aquaculture feed sectors to ensure product specifications are met.

Investor Relations: Transparent communication on the transformation and debt reduction

For shareholders, the relationship is built on transparent communication about the transformation and balance sheet cleanup. A major step was the sale of the Obion, Tennessee plant, which generated proceeds used to fully repay $130.7 million of junior mezzanine debt. Furthermore, Green Plains Inc. refinanced most of its 2027 convertible notes with a new $200 million convertible note due in 2030, using $30 million of that to buy back stock. The result? As of Q3 2025, the company stated it had no significant debt maturities for the next several years. Cash management is also key: as of September 30, 2025, total cash and cash equivalents, and restricted cash, stood at $211.6 million. The transformation also involved aggressive cost-cutting, targeting a full company consolidated Selling, General, and Administrative (SG&A) run rate in the low $90 million range by year-end 2025, a significant drop from the $133 million incurred in 2023.

Digital Platform: Using Sequence™ branding to market novel ingredients

The Sequence™ brand is the face of Green Plains Inc.'s novel ingredient platform, which is definitely a relationship driver for new customer segments. Sequence™ is marketed as the exclusive 60% protein product, a significant upgrade from standard distillers grains. Management noted they 'cracked the code' on the biological formula to make this 60% protein product on the fly, allowing them to increase production due to demand in 2025. The customer base for this is being specifically targeted:

• Domestic pet food applications.
• Exporting product to South America or Southeast Asia for aquaculture applications.

The company is actively increasing sales to these domestic pet and international aqua customers, which are the key growth areas for the Sequence™ branded ingredients.

Finance: draft 13-week cash view by Friday.

Green Plains Inc. (GPRE) - Canvas Business Model: Channels

You're looking at how Green Plains Inc. gets its products-ethanol, Ultra-High Protein, and renewable corn oil-to the customer, and how they manage the flow of inputs like corn. It's a mix of direct handling and third-party reliance.

Third-Party Marketing: Eco-Energy, LLC handles the bulk of fuel ethanol distribution.

The shift in ethanol marketing to Eco-Energy, LLC has been a material event for Green Plains Inc.'s working capital management. During the second quarter of 2025, this transition resulted in over $50 million improvement in working capital.

Direct Sales: Internal sales team for specialized products like Ultra-High Protein.

Green Plains Inc. focuses its internal sales efforts on its higher-value ingredients. The company's total Ultra-High Protein production capacity is 430,000 tons per year, following a partner facility coming online. In Q2 2025, Green Plains Inc. sold one of the largest quantities of its 50% protein product to date, with that volume set for shipment via bulk vessel into South America. Interest is also growing for their 60% Sequence product from international buyers.

Here's a look at the segment sales volumes for the core ethanol product:

Metric	Q3 2025 Volume	Q2 2025 Volume	Q3 2024 Volume
Ethanol Gallons Sold	197.3 million gallons	193.6 million gallons	220.3 million gallons

Pipeline and Rail Logistics: Transportation network for corn, ethanol, and co-products.

Green Plains Inc. maintains a physical network to support its 9 operating biorefineries across Indiana, Illinois, Iowa, Minnesota, and Nebraska. The company's logistics assets are set up to load both railcars and tanker trucks efficiently.

• Biofuel storage facilities network: 32 locations at or near biorefineries.
• Combined biofuel storage capacity: Approximately 32 million gallons.
• Combined fuel terminal storage capacity: Approximately 6.8 million gallons.

The company also has significant grain receiving and storage capacity at each of its 9 biorefineries for input sourcing.

Commodity Trading Desks: Direct agreements with traders for 45Z credit monetization.

Green Plains Inc. uses direct agreements to monetize the Clean Fuel Production Tax Credits (45Z). The company executed an agreement with Freepoint Commodities LLC for credits generated in 2025. The expected total value from this agreement and an associated term sheet for 2025 is between $40 million and $50 million in 45Z-related Adjusted EBITDA, net of discounts and operating expenses. For the third quarter of 2025, the company recorded $25.0 million in 45Z production tax credit value, net of discounts and other costs, within Adjusted EBITDA. Green Plains Inc. is on track for an additional $15 - $25 million of 45Z monetization value in the fourth quarter of 2025.

Export Channels: Shipping protein products to international markets, like South America.

The overall market for ethanol exports is seen as robust by Green Plains Inc.'s leadership. Total ethanol exports are anticipated to exceed 2 billion gallons in 2025, with expected growth in 2026 by probably a couple of hundred million gallons, driven by mandates in Canada, the EU, the U.K., and India. This complements the direct sales channel for protein products to international markets, such as the large volume sale to a customer in South America.

Finance: draft 13-week cash view by Friday.

Green Plains Inc. (GPRE) - Canvas Business Model: Customer Segments

You're looking at the core buyers for Green Plains Inc. (GPRE) as of late 2025, focusing on where the real revenue and strategic value are being captured across their platform.

Fuel Blenders and Refiners: Seeking low-CI ethanol to meet Renewable Fuel Standard (RFS) and state mandates

This segment is the traditional backbone, demanding the low-carbon intensity (CI) ethanol Green Plains Inc. produces. The push for cleaner fuel mandates keeps this segment critical, especially with the 45Z credits now being actively monetized. For the third quarter of 2025, Green Plains Inc. sold 197.3 million gallons of ethanol from its production segment, which is down from the 220.3 million gallons sold in the third quarter of 2024. Looking at the second quarter of 2025, the segment sold 193.6 million gallons.

Animal and Aquaculture Feed Manufacturers: Buyers of high-quality, novel protein ingredients

This is a key growth area for Green Plains Inc., moving beyond commodity distillers grains to higher-value proteins. The goal is to convert more corn into these specialized ingredients. For instance, in the third quarter of 2025, the company produced 71 thousand tons of Ultra-High Protein (dry equivalent). This follows the 66 thousand tons produced in the second quarter of 2025. The strategic focus is clear: Green Plains Inc. plans to increase its pet food protein sales from 60,000 tons sold in 2024 to over 100,000 tons by 2026. Furthermore, they project protein shipments to South America to grow from 20,000 tons in 2024 to over 80,000 tons in 2025.

Renewable Diesel Producers: Customers for low-carbon intensity renewable corn oil feedstock

Renewable corn oil (RCO) is a direct feedstock for the booming renewable diesel market, and Green Plains Inc. is scaling up production to meet this demand. In the third quarter of 2025, the company produced 72.3 million pounds of renewable corn oil. This is an increase from the 65.2 million pounds produced in the second quarter of 2025.

Aviation Industry: Future buyers of Sustainable Aviation Fuel (SAF) from the Blue Blade Energy JV

While the Blue Blade Energy JV is a strategic focus, concrete 2025 sales figures to the aviation industry aren't yet public. What we do know is the underlying strategy supports this: Green Plains Inc. is advancing its decarbonization strategy, which includes the Advantage Nebraska carbon capture and sequestration (CCS) project, expected to capture biogenic CO2 from approximately 275 million gallons of ethanol annually.

Financial Institutions/Commodity Traders: Buyers of the newly generated 45Z tax credits

This segment represents a significant new revenue stream, effectively selling the environmental attributes of their low-CI production. Green Plains Inc. executed an agreement with Freepoint Commodities LLC to sell 2025 Clean Fuel Production Credits (45Z tax credits).

Here's the quick math on the 45Z monetization:

Metric	Value/Range	Reporting Period/Context
Expected 2025 45Z EBITDA (Net)	$40 million to $50 million	Agreement with Freepoint for 2025 credits
Year-to-Date 45Z Value Recorded	$26.5 million	Recorded as income tax benefit as of Q3 2025
Expected Q4 2025 45Z EBITDA (Net)	$15 million to $25 million	Guidance for the fourth quarter
Q3 2025 Adjusted EBITDA Contribution	$25.0 million	Included in Q3 Adjusted EBITDA of $52.6 million

What this estimate hides is that the final proceeds depend on the actual production volumes and the timing of carbon capture system startups at the Nebraska facilities.

The customer base for Green Plains Inc.'s core products as of Q3 2025:

• Ethanol sold: 197.3 million gallons
• Ultra-High Protein produced: 71 thousand tons
• Renewable Corn Oil produced: 72.3 million pounds
• Distillers Grains produced: 417 thousand tons (dry equivalent)

Finance: draft 13-week cash view by Friday.

Green Plains Inc. (GPRE) - Canvas Business Model: Cost Structure

You're looking at the hard numbers that drive Green Plains Inc.'s expenses as of late 2025. Honestly, it's a story of managing commodity risk while aggressively cutting overhead and investing in future carbon revenue streams. Here's the quick math on where the money is going.

Raw Material Costs: The single biggest cost driver remains the purchase of corn feedstock to fuel the nine biorefineries. While a direct dollar amount for corn purchase isn't explicitly stated for Q3 2025, the Cost of Sales for that quarter was $538.6 million. Management noted operational improvements that led to a reduction in operating expenses per gallon by over $0.03 since Q4 2024.

Operating Expenses: Energy, primarily natural gas, and labor are the key variable costs tied to running the platform. The company achieved 101% utilization across its nine operating plants in Q3 2025. Total Operating Expenses reported for the fiscal quarter ending in September of 2025 were $768.92 million.

Debt Servicing: Managing the balance sheet involved significant activity in 2025 to eliminate near-term obligations. Total debt outstanding at September 30, 2025, was $353.4 million, down from $508.2 million at June 30, 2025, following the repayment of junior mezzanine debt. Interest expense in Q3 2025 rose to $47.8 million, which included $35.7 million in nonrecurring interest expense related to extinguishing high-cost junior mezzanine debt.

Capital Expenditures: Investment is heavily focused on the CCS compression and MSC technology upgrades to unlock the 45Z tax credit value. For the full year 2025, plant-related CapEx was anticipated to be in the range of $20 million to $35 million. This figure excludes the remaining balance of approximately $110 million in carbon capture equipment needed for the Nebraska initiatives. Year-to-date CapEx reported in February 2025 was already $95 million.

SG&A Expenses: Green Plains Inc. has been aggressively targeting overhead reduction. The company is on track to exit 2025 with a full company consolidated SG&A annualized run rate in the low $90 million range. Specifically, corporate and trade SG&A expenses are projected to decline to an annualized run rate of $93 million by year-end 2025. This is a significant improvement from the $133 million and $118 million incurred in 2023 and 2024, respectively.

Here's a snapshot of the key expense and balance sheet metrics from the recent reporting period:

Cost/Financial Metric	Amount	Date/Period
Total Operating Expenses	$768.92 million	Quarter ending September 2025
Cost of Sales	$538.6 million	Quarter ending September 2025
Consolidated SG&A Annualized Run Rate Target	$93 million	Exit 2025 Target
Corporate and Trade SG&A Annualized Run Rate Target	Low $40 million area	Exit 2025 Target
Total Debt Outstanding	$353.4 million	September 30, 2025
Total Debt Outstanding	$508.2 million	June 30, 2025
Interest Expense (Including Nonrecurring)	$47.8 million	Q3 2025
Nonrecurring Interest Expense (Mezzanine)	$35.7 million	Q3 2025
Anticipated Plant-Related CapEx (Excluding CCS)	$20 million to $35 million	Full Year 2025 Estimate
Remaining CCS Equipment CapEx (Nebraska)	Approximately $110 million	Estimate

The cost structure is clearly being managed through two lenses: operational discipline and strategic deleveraging. You can see the impact of the reorganization in the SG&A targets.

• Achieved $50 million in annualized cost savings target.
• Corporate and trade SG&A expected to decline to $12-$13 million per quarter by year-end.
• Q3 2025 plant utilization was 101% across nine operating plants.
• Sale of Obion plant proceeds used to repay $130.7 million junior mezzanine debt.

Finance: draft 13-week cash view by Friday.

Green Plains Inc. (GPRE) - Canvas Business Model: Revenue Streams

You're looking at how Green Plains Inc. actually brings in the cash flow, and right now, it's a mix of commodity sales and new, policy-driven income streams. The core business still centers on moving physical product, but the real story for 2025 is the monetization of low-carbon attributes.

Ethanol Sales remain the primary revenue driver, though volumes shift based on operational status. For the third quarter of 2025, consolidated revenues clocked in at $508.5 million. This was generated while selling 197.3 million gallons of ethanol during that quarter.

High-Value Ingredient Sales are a critical component of the crush margin, moving beyond just fuel. You see the physical output from the nine operating plants, which are running at high utilization rates, hitting over 101% capacity in Q3 2025.

• Ultra-High Protein production in Q3 2025 totaled 71 thousand tons (dry equivalent).
• Renewable Corn Oil production for Q3 2025 reached 72.3 million pounds.

The 45Z Tax Credit Monetization is the new, high-margin revenue stream you need to watch closely. Green Plains Inc. has an agreement to monetize these Clean Fuel Production Credits from its Nebraska facilities, projecting between $40 million and $50 million in 2025 Adjusted EBITDA, net of discounts and expenses. The results for the first nine months of 2025 already included $26.5 million of this value recorded as an income tax benefit. Management is guiding for another $15 million to $25 million of benefit in the fourth quarter alone. This is definitely a game-changer for near-term profitability.

RINs Sales revenue is intrinsically linked to the low-carbon intensity of the ethanol produced, which is now being explicitly valued through the 45Z credits. While specific RINs revenue isn't broken out separately from the total revenue, the success of the 45Z monetization proves the market value of the low-carbon profile Green Plains Inc. is achieving, especially with carbon capture systems now operational across its Nebraska platform.

Agribusiness and Energy Services income comes from ancillary activities like grain handling and commodity marketing. You should note that the overall consolidated revenue decline in Q2 2025 was partly due to the company ceasing a third-party ethanol marketing agreement. However, the transition of ethanol marketing to Eco-Energy, LLC in April 2025 improved working capital by over $50 million.

Here's a quick look at the key Q3 2025 operational and financial metrics driving these revenue components:

Metric	Value	Period
Consolidated Revenues	$508.5 million	Q3 2025
Ethanol Gallons Sold	197.3 million gallons	Q3 2025
Consolidated Ethanol Crush Margin	$59.6 million	Q3 2025
Year-to-Date 45Z Tax Credit Value (Net)	$26.5 million	Through Q3 2025
Projected 2025 45Z EBITDA Contribution	$40 million to $50 million	Full Year 2025 Estimate
Projected Q4 2025 45Z Benefit	$15 million to $25 million	Q4 2025 Estimate

Finance: draft 13-week cash view by Friday.