Risk Factors Update Summary
- Ethanol exports increased from 1.3 billion gallons in 2022 to an estimated 1.4 billion gallons in 2023.
- Distillers grains exports increased to an estimated 10.8 and 11.6 million metric tons in 2023.
- Carbon capture and sequestration projects are subject to regulatory uncertainties that could impact business.
- Numerous automobile manufacturers announced plans to phase out internal combustion engine production.
- The EPA restored 250 million gallons previously waived in 2016, affecting obligated parties.
- The completion and start-up of the One Earth Energy ethanol plant may result in a significant write-off.
- Court rulings on small refiner waivers could lead to decreased RIN values and ethanol pricing.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=744187&owner=exclude
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