{"id":349980,"date":"2010-02-22T14:01:34","date_gmt":"2010-02-22T19:01:34","guid":{"rendered":"http:\/\/greenenergyreporter.com\/?p=6490"},"modified":"2010-02-22T14:01:34","modified_gmt":"2010-02-22T19:01:34","slug":"breaking-news-u-s-ethanol-company-makes-money","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/349980","title":{"rendered":"Breaking News: U.S. Ethanol Company Makes Money"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.greenenergyreporter.com\/wp-content\/themes\/v1\/img\/cat\/biofuel.png\" width=\"8\" height=\"8\" alt=\"\" title=\"Biofuel\" \/><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.greenenergyreporter.com\/wp-content\/themes\/v1\/img\/cat\/funding.png\" width=\"8\" height=\"8\" alt=\"\" title=\"Funding\" \/><\/p>\n<p><a title=\"Not The Answer (from corn, at least) by 3dphoto.net, on Flickr\" href=\"http:\/\/www.flickr.com\/photos\/3dphoto\/2196921046\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft\" src=\"http:\/\/farm3.static.flickr.com\/2177\/2196921046_14e6eeeca9.jpg\" alt=\"Not The Answer (from corn, at least)\" width=\"138\" height=\"167\" \/><\/a>Ethanol producer Green Plains Renewable Energy has posted a fourth quarter profit. That&#8217;s worth noting considering the poor state of the industry, which has been particularly\u00a0 hard hit by the global financial crisis and the lack of affordable credit.   <span id=\"more-6490\"><\/span><\/p>\n<p>The Omaha, Neb.-based company posted a net income of $23.1 million, or 91 cents a share, compared with a net loss of $1.8 million, <a href=\"http:\/\/www.reuters.com\/article\/idUSSGE61L0K920100222?type=marketsNews\" >reports Reuters<\/a>.<\/p>\n<p>Revenues rose 138 percent from the year ago period to $436.7 million from 183.2 million.<\/p>\n<p>Green Plains&#8217;s corn-based ethanol generated $235.9 million of these revenues, up 80 percent from the year-ago period.<\/p>\n<p>Earlier today, <a href=\"http:\/\/greenenergyreporter.com\/2010\/02\/biodiesel-demand-to-reach-71-bln-research-report-says\/\" >we kicked-off the week with a post<\/a> on a Pike Research report that bullishly predicts that revenues for biodiesel could peak to $21 billion by 2020.<\/p>\n<p>Like a lot of strategic investors looking to buy discounted refining assets,\u00a0 Green Plains&#8217;s Chief Executive Officer Todd Becker said it was looking to acquire plants, <a href=\"http:\/\/www.businessweek.com\/news\/2010-02-22\/green-plains-soars-on-profit-from-increased-ethanol-sales.html\" >writes BusinessWeek<\/a>.<\/p>\n<p>Image: 3dphoto.net \/ Flickr<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/GreenEnergyReporter\/~4\/OWg4v5C3I3Q\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethanol producer Green Plains Renewable Energy has posted a fourth quarter profit. That&#8217;s worth noting considering the poor state of the industry, which has been particularly\u00a0 hard hit by the global financial crisis and the lack of affordable credit. The Omaha, Neb.-based company posted a net income of $23.1 million, or 91 cents a share, [&hellip;]<\/p>\n","protected":false},"author":2814,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-349980","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/349980","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/2814"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=349980"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/349980\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=349980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=349980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=349980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}