Cost Savings and Restructuring
The company has identified up to $50 million in annualized cost savings, with $30 million already executed. This includes restructuring corporate functions and reducing executive leadership.
Record Ethanol Exports
Ethanol exports are on pace to set a new record of approximately 1.9 billion gallons, with expectations for 2025 to exceed that.
Carbon Capture Progress
Significant progress on carbon capture initiatives with the Tallgrass Trailblazer Project. The company remains on track to begin capturing CO2 in the second half of the year.
Aquaculture Market Penetration
Successful sale to one of the largest aquaculture companies, marking the largest quantity sold to date, with expectations for repeat business.
Strong Cash and Liquidity Position
Company ended the year with $209.4 million in cash and $200.7 million available under working capital revolver.