On April 6, 2020, Granite Falls Energy, LLC management determined that it is in the best interest of the Company to extend the regularly scheduled annual temporary shutdown of the Company’s ethanol production operations, which commenced on or about April 3, 2020, until April 17, 2020. The Company utilizes the regularly scheduled annual temporary shutdown period to perform maintenance and other operational improvements, and, in observance of the Centers for Disease Control and Prevention’s social distancing guidelines, the Company is staggering the presence of contractors on its premises. Additionally, the Company is considering whether an additional period of idle after April 17, 2020 is appropriate, due to market risks and uncertainties related to the COVID-19 pandemic and its ramifications. The Company will continue to consider the information available to it and will provide additional disclosure in the event that the Company chooses to extend the idle period.
Granite Falls Energy, LLC is engaged in the production and sale of ethanol and its co-products (wet, modified wet and dried distiller's grains, corn oil and corn syrup) locally and throughout the continental United States. The principal products from ethanol production at the Company's plant and its subsidiary, Heron Lake BioEnergy, LLC (HLBEs) plant are fuel-grade ethanol, distiller grains, and non-edible corn oil. In addition, HLBE's plant also includes corn syrup and natural gas pipeline operations. It also extracts non-edible crude corn oil. It sells distillers grains (DDGS) as animal feed for beef and dairy cattle, poultry and hogs. Its corn oil is primarily sold to diesel manufacturers and, to a lesser extent, feed lot and poultry markets. Its ethanol production operations are carried out at its ethanol plant located in Granite Falls, Minnesota, and at the ethanol plant operated by HLBE located near Heron Lake, Minnesota. It distributes its products through third party marketers.
GRANITE FALLS ENERGY, LLC 
