Badger State Ethanol, LLC (BADG) operates a dry-mill ethanol production facility in Monroe, Wisconsin, producing fuel-grade ethanol and co-products from corn; the company manufactures denatured ethanol for blending into gasoline such as E10 and E85 fuels, distillers dried grains with solubles (DDGS), distillers modified wet grains (DMWG), concentrated corn proteins at 50% on a dry matter basis, crude corn oils, and food-grade carbon dioxide captured during fermentation. Founded in May 2000 by John L. Malchine and Gary L. Kramer and headquartered at 820 West 17th Street, Monroe, Wisconsin 53566, Badger State Ethanol began production in October 2002 with an initial nameplate capacity of 40 million gallons of ethanol annually and 128,000 tons of distillers grains; current capacity exceeds 85-90 million gallons of ethanol per year following expansions, with operations serving fuel blenders across the United States, livestock feed markets, and food industry customers via petroleum terminals in Wisconsin, Illinois, and the Upper Midwest. The company achieved a major expansion around 2018 in partnership with LucasE3 LLC, more than doubling ethanol production capacity through a patent-pending secondary distillation system that reduced energy usage by 2,000 Btu per gallon and integrated seamlessly at under $1 per gallon cost; it surpassed 1 billion total gallons produced as noted in recent updates, continues as a publicly traded entity on OTC markets under BADG with Erik Huschitt as CEO, and maintains approximately 37-50 employees focused on renewable fuel and feed commodities.