Henry Roberts's questions to Green Plains (GPRE) leadership • Q1 2025
Question
Henry Roberts, on behalf of Jordan Levy, asked for an update on the carbon capture project's construction timeline, specifically when the compression and lateral pipe work would be completed ahead of the Q4 start-up. He also questioned the potential impact of retaliatory tariffs on product exports.
Answer
Michelle Mapes, Interim Principal Executive Officer, stated that construction is on track for a late Q3 or early Q4 completion with minimal delay before start-up. Chris Osowski, EVP of Operations & Technology, added that major equipment is built and awaiting delivery. On tariffs, Imre Havasi, SVP of Trading, reported no current impact but noted potential industry-wide risks if tariffs were placed on ethanol exports to Canada or the UK. He also highlighted that protein exports are proceeding without tariff discussions.