Suspicious Frying Oil From China Is Hurting US Biofuels Business [BNN Bloomberg (Canada)]
Green Plains, Inc. (GPRE)
Last green plains, inc. earnings: 2/10 05:00 pm
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Source: BNN Bloomberg
US imports of used cooking oil, an ingredient to make renewable diesel, more than tripled in 2023 from a year earlier, with more than 50% coming from China, according to the US International Trade Commission. American industry groups and biofuel executives are becoming increasingly worried that a significant amount of those supplies are fraudulent, and are urging the government to tighten scrutiny on the imports. The heightened suspicions come after the European biofuel industry expressed similar concerns about cooking oil from China last year. Used cooking oil has a better carbon intensity score than feedstocks widely produced in the US like fresh soybean oil, so any potentially tainted imports are benefiting from Biden's renewables incentives at the expense of American farmers. Read More: Asia Floods Europe with Green Fuel Suspected to Be Fraudulent “We're putting more pressure on the US government to say what are we really importing,” said Todd Becker, chief executive office
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GPRE
News
- Green Plains to Participate in BMO Global Farm to Market Conference [Yahoo! Finance]Yahoo! Finance
- Green Plains to Participate in BMO Global Farm to Market ConferenceBusiness Wire
- Green Plains Inc. (NASDAQ: GPRE) had its "equal weight" rating re-affirmed by analysts at Stephens. They now have a $24.00 price target on the stock.MarketBeat
- Green Plains Inc. (NASDAQ: GPRE) had its price target lowered by analysts at Bank of America Co. from $29.00 to $26.00. They now have a "buy" rating on the stock.MarketBeat
- Green Plains Inc. (NASDAQ: GPRE) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
GPRE
Earnings
- 5/3/24 - Miss
GPRE
Sec Filings
- 5/13/24 - Form 4
- 5/13/24 - Form 4
- 5/13/24 - Form 4
- GPRE's page on the SEC website