Southwest Iowa Renewable Energy, Llc Reports Earnings Results for the Full Year Ended September 30, 2019
December 21, 2019 at 02:10 am IST
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Southwest Iowa Renewable Energy, LLC announced earnings results for the full year ended September 30, 2019. For the full year, the company announced sales was USD 216.993 million compared to USD 214.990 million a year ago. Operating loss was USD 6.861 million compared to USD 1.332 million a year ago. Net loss was USD 8.497 million compared to USD 2.704 million a year ago.
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.
SOUTHWEST IOWA RENEWABLE ENERGY, LLC 
