U.S. Ethanol Maker Eyes Low-Carbon Sugar as Its ‘Moonshot’
- Market shrugs off Green Plains’ loss amid 4th-quarter optimism
- Ethanol crush margins plunged 93% during July-September period
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Shares of Green Plains Inc. rebounded to a seven-week high after the U.S. ethanol maker touted progress in its attempt to transform into a powerhouse of high-value ingredients made from corn.
At the top of the list is so-called clean sugar technology, which involves making dextrose and glucose used to produce an array of products, including in the growing renewable chemicals industry. Chief Executive Officer Todd Becker says the push could be the company’s “moonshot.”