Aventine Renewable Energy Holdings, Inc. markets and distributes ethanol to various energy and trading companies in the United States. The company owns and operates a coal-fired, corn wet mill plant in the United States in Pekin, Illinois. It also owns and operates a natural gas-fired corn dry mill plant in Pekin, Illinois. In addition, the company owns a natural gas-fired corn dry mill plant in Aurora, Nebraska. Products Ethanol The company’s principal product is fuel-grade ethanol, an alcohol, which is derived principally from corn (Illinois wet mill facility). Ethanol is sold primarily for blending with gasoline to meet mandates for the required consumption and use of biofuels, as an octane enhancer, as an oxygenate additive for the purpose of meeting fuel emission standards, and as a fuel extender. By-Products The company engages in the sale of by-products, both co-products and bio-products, which result from the ethanol production process. The company’s Illinois wet mill facility produces co-products, such as corn gluten feed (both wet and dry), corn gluten meal, corn distillers with soluble, and corn germ. In addition, the fermentation process yields carbon dioxide. The company’s dry mill facilities in Pekin, Illinois, Mt. Vernon, Indiana, and Aurora, Nebraska produce co-products, such as dried distillers grains with solubles (which is sold as a protein used in animal feed), wet distillers grains with soluble, and carbon dioxide. These co-products are sold for various consumer uses into commodity markets. Corn gluten feed, corn gluten meal, corn distillers with soluble, and distillers grains are used as animal feed ingredients, corn germ is sold for the extraction of corn oil for human consumption, and carbon dioxide is sold for food-grade use, such as beverage carbonation and dry ice. Along with co-products, its Illinois wet mill facility also produces bio-products, Kosher and Chametz freegrain distillers dried yeast, which is processed into various products for use in animal and human food, and fermentation applications. Customers The company has customer relationships with various major integrated oil refiners operating in North America (including Royal Dutch Shell and its affiliates; ConocoPhillips; Valero Marketing and Supply Company; and Chevron Corporation) to distribute ethanol. In 2011, the company’s major customers included Marathon Petroleum Corporation and Buckeye Energy Services LLC. Strategy The company’s business strategy is to enter into new and diversified markets. Environmental and Regulatory Matters The company’s air emissions are subject to the federal Clean Air Act, as amended, and similar state laws, which require the company to obtain and maintain air emission permits for its ongoing operations, as well as pre-approval for any expansion or construction of existing facilities or new facilities or modification of various projects or facilities. Competition The company’s major competitors include Archer Daniels Midland Company; Green Plains Renewable Energy Inc.; Valero Energy Corporation; Biofuels Energy Corporation; Hawkeye Holdings, Inc.; Pacific Ethanol Inc.; Cargill, Incorporated; and A.E. Staley Manufacturing Company, a subsidiary of Tate & Lyle plc. History Aventine Renewable Energy Holdings, Inc. was founded in 1981.
aventine renewable energy ho
One Lincoln Centre
5400 LBJ Freeway
Dallas, TX 75240
|Archer-Daniels-Midland Co||$53.42 USD||+0.31|
|Bunge Ltd||$92.50 USD||+0.47|
|Green Plains Inc||$25.80 USD||+0.35|
|Murphy Oil Corp||$50.33 USD||+0.02|
|Valero Energy Corp||$50.29 USD||+0.50|
|View Industry Companies|
|Price/Cash Flow||NM||Not Meaningful|
Sponsored Financial Commentaries
To contact AVENTINE RENEWABLE ENERGY HO, please visit www.aventinerei.com. Company data is provided by Capital IQ. Please use this form to report any data issues.