Andersons : Growth Energy Welcomes the Andersons as Newest Producer Plant Member
November 27, 2019 at 09:29 am EST
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Growth Energy, the world's largest ethanol trade association, announced the addition of The Andersons, Inc. as its newest producer plant member.
This addition brings Growth Energy's membership to a total of 103 producer plant members and 8.7 billion gallons represented out of the total U.S. annual ethanol production.
Founded in Maumee, Ohio, in 1947, The Andersons is a diversified company rooted in agriculture, conducting business across North America in the grain, ethanol, plant nutrient, and rail sectors. It co-owns ethanol plants in Albion, Michigan; Logansport, Indiana; Greenville, Ohio; Denison, Iowa and Colwich, Kansas, which have a combined production capacity of more than 545 million gallons a year. The company's Colwich facility, which operates under the entity ELEMENT, LLC, and is a partnership with ICM, Inc., opened in August 2019 and is expected to be the most efficient dry mill ethanol plant in the U.S.
In her statement, Growth Energy CEO Emily Skor welcomed The Andersons to the association: 'We are extremely proud to now represent The Andersons among our growing and diverse membership,' said Skor. 'The story of The Andersons is a familiar one to many across the heartland - where innovation, hard work, and enduring relationships serve as the foundation of the company's success. As the U.S. ethanol industry has grown, The Andersons has been a pivotal player for nearly 20 years, working to expand homegrown ethanol and increase its accessibility at the pump. We look forward to continuing our work with The Andersons and utilizing its diverse agricultural expertise as part of our association.'
Jim Pirolli, president of The Andersons Ethanol Group, emphasized the company's excitement in joining Growth Energy: 'The Andersons is excited to join Growth Energy and its other members in supporting policy for a pro-ethanol market environment and boosting the accessibility of high-ethanol blends at the pump,' said Pirolli.
ABOUT THE ANDERSONS INC.
Founded in 1947 in Maumee, Ohio, The Andersons, Inc. (Nasdaq: ANDE) is a diversified company rooted in agriculture that conducts business in the commodity trading, ethanol, plant nutrient and rail sectors. Guided by its Statement of Principles, The Andersons strives to provide extraordinary service to its customers, help its employees improve, support its communities and increase the value of the company.
The Andersons, Inc. is a diversified company, which is engaged in the operations of agricultural supply chain. The Company operates through three segments: Trade, Renewables, and Nutrient and Industrial. The Trade segment is a diversified business focusing on capturing profits through merchandising and managing logistics across a wide range of commodities. The segment specializes in the movement of physical commodities, such as whole grains, grain products, feed ingredients and domestic fuel products among other agricultural commodities. The Renewables segment produces, purchases, and sells ethanol and co-products, offers facility operations, and provides risk management and marketing services to the ethanol plants it invests and operates. The Nutrient & Industrial segment is a manufacturer, distributor and retailer of agricultural and related plant nutrients, liquid industrial products, corncob-based products, pelleted lime and gypsum products, pesticide, and others.