On May 21, 2021, Southwest Iowa Renewable Energy, LLC. announced the appointment of Ann Reis as its Interim Chief Financial Officer, Controller, and Assistant Secretary. On August 20, 2021, the Company’s board of directors removed the interim qualifier from Ms. Reis’s title and also appointed her as the Company’s Chief Accounting Officer. Therefore, as of August 20, 2021, Ms. Reis is the Company’s Chief Financial Officer, Chief Accounting Officer, Controller, and Assistant Secretary. Ms. Reis spent five years working in the finance and internal audit department of ConAgra Foods Inc., culminating with her serving as the Director of the company’s finance and internal audit functions.
Southwest Iowa Renewable Energy, LLC is engaged in the production of ethanol. The Company sells its ethanol, distillers grains, corn condensed distillers soluble, distillers corn oil and carbon dioxide (CO2) in the continental United States, Mexico and the Pacific Rim. Its production facility (the Facility) is located in Pottawattamie County in southwestern Iowa, south of Council Bluffs. The principal purchasers of ethanol are wholesale gasoline marketers or blenders. The Company produces approximately 123.3 million and 127.0 million gallons of ethanol. It produces two forms of distillers grains, namely wet distillers grains with solubles (WDGS) and dried distillers grains with solubles (DDGS). The Company's system separates corn oil from the post-fermentation syrup stream as it leaves the evaporators of the ethanol plant. The corn oil is then routed to storage tanks, and the remaining concentrated syrup is routed to the plantâs syrup tank.