Green Plains Announces Carbon Sequestration Partnership with Summit Carbon Solutions - Seite 2

Green Plains will initially connect the biorefineries at Fairmont, Minn., Fergus Falls, Minn. and Superior, Iowa, and have the option to expand to additional locations as the pipeline network grows. When completed, SCS is expected to have infrastructure capable of capturing and sequestering 10 million tons of carbon dioxide annually, the equivalent of removing over two million cars from the road each year.

“Combined with growth in sustainable Ultra-High Protein, clean sugar production and renewable corn oil, carbon capture and sequestration will usher in a new era for our biorefinery products,” added Becker. “We believe this puts ethanol on a path toward achieving carbon neutrality. Collaborating with SCS on this project will help to address the urgent global need for decarbonization, while contributing to the infrastructure necessary to launch full scale carbon capture and sequestration for biorefineries across the Midwest.”

Green Plains will make an initial investment in Summit Carbon Solutions to help fund the development of the project, and expects the pipeline to begin operation in late 2024.

About Green Plains Inc.
Green Plains Inc. (NASDAQ:GPRE) is a leading biorefining company focused on the development and utilization of fermentation, agricultural and biological technologies in the processing of annually renewable crops into sustainable value-added ingredients. This includes the production of cleaner low carbon biofuels, renewable feedstocks for advanced biofuels and high purity alcohols for use in cleaners and disinfectants. Green Plains is an innovative producer of Ultra-High Protein and novel ingredients for animal and aquaculture diets to help satisfy a growing global appetite for sustainable protein. The Company also owns a 48.9% limited partner interest and a 2.0% general partner interest in Green Plains Partners LP. For more information, visit www.gpreinc.com.

About Summit Agricultural Group
Summit Agricultural Group is a diversified agribusiness operator and investment manager with operations in the United States and Brazil. Summit deploys capital across the agricultural supply chain with a particular focus at the intersection of agriculture and renewable energy. For more information, visit: www.summitag.com

Green Plains Inc. Contacts
Investors: Phil Boggs | Senior Vice President, Investor Relations | 402.884.8700 | [e-mail]
Media: Leighton Eusebio | Manager, Public Relations | 402.952.4971 | [e-mail]