Southwest Iowa Renewable Energy, LLC announced the resignation of The Honorable Hubert M. Houser as a member of SIRE’s board of directors (the “Board”) and chair of the Board’s Nominating Committee, effective immediately. Until his resignation, Mr. Houser served as the chair of the Board’s Nominating Committee. The Board has appointed Theodore Bauer to serve as the chair of the Nominating Committee. The Nominating Committee invites SIRE unit holders to suggest persons to fill the Board vacancy, through January 8, 2021. After that time the Board anticipates filling the Board vacancy for the remainder of Mr. Houser’s term, through the 2022 annual meeting of the company.
Southwest Iowa Renewable Energy, LLC is engaged in the production of ethanol. The Company sells its ethanol, distillers grains, corn condensed distillers soluble, distillers corn oil and carbon dioxide (CO2) in the continental United States, Mexico and the Pacific Rim. Its production facility (the Facility) is located in Pottawattamie County in southwestern Iowa, south of Council Bluffs. The principal purchasers of ethanol are wholesale gasoline marketers or blenders. The Company produces approximately 123.3 million and 127.0 million gallons of ethanol. It produces two forms of distillers grains, namely wet distillers grains with solubles (WDGS) and dried distillers grains with solubles (DDGS). The Company's system separates corn oil from the post-fermentation syrup stream as it leaves the evaporators of the ethanol plant. The corn oil is then routed to storage tanks, and the remaining concentrated syrup is routed to the plantâs syrup tank.