Cardinal Ethanol, Llc Announces Resignation of William Garth, Effective December 1, 2020
November 24, 2020 at 12:11 pm EST
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Cardinal Ethanol, LLC William Garth notified Cardinal Ethanol, LLC (the "Company") that he would be resigning from his position on the board of directors of the Company effective December 1, 2020. Mr. Garth was appointed
as a director by Indeck Energy Services Inc. The Company has not yet determined whether Mr. Forsythe will serve on any of the committees of the board of directors.
Cardinal Ethanol, LLC and its subsidiaries is engaged in producing fuel-grade ethanol, distillers grains, corn oil and carbon dioxide near Union City, Indiana and sells these products throughout the continental United States. In addition, the Company procures, transports, and sells grain commodities through grain operations. Its divisions include ethanol and trading. Its ethanol division markets and sells ethanol and its co-products primarily in the continental United States using third party marketers. Its ethanol products are marketed by Murex, LLC and distillers grains are marketed by CHS, Inc. It markets and distributes all the corn oil it produces directly to end users and third-party brokers. The Company's trading division has a grain loading facility within its single site to buy, hold and sell inventories of agricultural grains, primarily soybeans. It performs no additional processing of these grains, unlike the corn inventory the Company holds and uses in ethanol production.