Green Plains Inc. (NASDAQ:GPRE) Q1 2024 Earnings Call Transcript

Unidentified Analyst: Great. Thanks for all the color there. Just a quick follow-up. Do you guys have any incremental updates on the progress for the Blue Blade ETJ plant? I know that’s kind of a long way out, but just curious how that kind of plays in your longer-term strategy for SAF?

Todd Becker: Yeah, I mean, scaling a catalyst is always challenging and that’s proven out as well in that venture. But that’s not the only thing that venture was set up for. We are definitely continuing to look at the catalyst that with the P&L that we got control of, but also to look at the fact that, again, we’re partnered with Tallgrass, United on that venture, you know that we’re going to be on a Nebraska pipeline, and you can go google who that’s with. And then, basically you can see that that partnership is strong. And generally speaking, we’ll have some of the earliest low carbon alcohol gallons that can go into jet fuel of anybody in the world in volume, in big volume. And I think that that will be a good, strong potential opportunity for all of our partners and we’ll see where it goes from there, but that is also a — not just a partnership that is focused on one single catalyst.

We’re really technologically agnostic to say that it’s a strong partnership between infrastructure, supply, and demand, and nothing else exists like that. So, we’re also going to look at other technologies as well.

Operator: And that concludes our question-and-answer session today. I will now turn the conference back over to Mr. Todd Becker for closing remarks.

Todd Becker: Hey, everybody. Thanks for getting on the call today. You can see a lot going on. We’re making a lot of progress in all of our strategic areas. We continue to believe we have a very valuable asset base. We’re looking at everything you can imagine from the mix of our assets, the size of our assets, what should be in, what should be out. We’re looking at our balance sheet to say how do we continue to be in a very strong position from a cash and a debt perspective as we have significant assets that are still unencumbered, and we have no near-term maturities. I think when we look at the future of Green Plains, it’s not just — while it might be evolving, every which way we can, we believe still we’re on target for some of the things that we laid out several years ago, notwithstanding a weak first quarter, and we’re looking forward to the rest of the year and updating you in the next couple of quarters.

So, thanks for everybody on the call, and thanks for your continued support.

Operator: Ladies and gentlemen, this concludes today’s call. We thank you for your participation. You may now disconnect.