Improved Gross Margin and Adjusted EBITDA
During Q1 2025, gross margin and adjusted EBITDA improved compared to Q1 2024, reflecting operational uptime and carbon optimization initiatives.
Successful Acquisition of Beverage-Grade Liquid CO2 Plant
The acquisition of a beverage-grade liquid CO2 plant has reduced management and staffing costs, enhancing operational coordination and overall productivity.
Cost Savings from Workforce Reduction
A 16% reduction in headcount is expected to save approximately $8 million annually, with the financial benefit starting in Q2.
Solid Demand for ISCC Certified Renewable Fuel
The ISCC certification enabled access to higher-margin sales, partially offsetting domestic market challenges.
Potential Positive Impact of E15 Fuel Waiver
The EPA's E15 fuel waiver is expected to allow blending through the summer, potentially boosting ethanol demand.