Golden Grain Energy, LLC
GGELU
Other OTC10.50
USD
+1.63
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Golden Grain Energy, LLC
GGELU
(Other OTC)
Recent
price
10.50
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- Golden Grain Energy, LLC (GGELU) owns and operates a fuel-grade ethanol production facility in Mason City, Iowa; the company processes locally grown corn into approximately 120 million gallons of ethanol annually, along with co-products including distillers dried grains with solubles (DDGS), wet distillers grains, and corn oil. Founded in 2004 and headquartered at 1822 43rd Street SW, Mason City, Iowa 50401, Golden Grain Energy serves the continental United States market, marketing ethanol and DDGS nationally and internationally while supplying wet distillers grains to regional livestock producers; it sources over 40 million bushels of corn yearly from northeastern Iowa farmers, who comprise more than 800 investor members. The facility features advanced systems such as corn oil extraction installed in 2009 and ongoing optimizations that support permitted production up to 150 million gallons per year. In recent developments, Golden Grain Energy received a US$2.25 million USDA Higher Blends Infrastructure Incentive Program grant in November 2023 to expand domestic biofuel availability; the company installed a Whitefox ICE membrane dehydration unit in 2021 to enhance energy efficiency, reduce operational costs, and enable future capacity expansions at its 120 million gallons per year plant. It completed construction of the world's largest free-span steel grain bin in 2021, boosting on-site storage from 1.375 million to nearly 3.5 million bushels and receiving capacity from 40,000 to 65,000 bushels per hour; earlier expansions in 2006 and 2017 increased nameplate capacity from 40 million to 80 million and then over 110 million gallons annually. Golden Grain Energy continues to pursue process improvements for higher-value co-products and lower energy use, maintaining leadership in Iowa's ethanol sector amid industry challenges.