Green Plains Completes Sale of Ord, Nebraska Plant

Source: By GLOBE NEWSWIRE • Posted: Wednesday, March 24, 2021

OMAHA, Neb., March 23, 2021 (GLOBE NEWSWIRE) — Green Plains Inc. (NASDAQ:GPRE) today announced that its subsidiary, Green Plains Ord LLC, has completed the previously announced sale of its ethanol plant located in Ord, Nebraska, to GreenAmerica Biofuels Ord LLC for $64 million, plus working capital. In conjunction with this transaction, Green Plains Partners LP (NASDAQ:GPP) today also announced it has completed the sale of the storage assets and the assignment of certain rail transportation assets associated with Green Plains Ord LLC for $27 million. The partnership’s proceeds from the transaction were used to repay debt.