Granite Falls Energy, LLC Declares Cash Distribution Per Membership Unit
December 26, 2017 at 04:25 pm
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Granite Falls Energy, LLC announced that the Board of Governors of the company declared a cash distribution of $385.00 per membership unit to the holders of record of the company's units at the close of business on December 22, 2017, for a total distribution of $11,783,310. The company expects to pay the distribution by the end of January 2018, subject to approval from the company's lender.
Granite Falls Energy, LLC is engaged in the production and sale of ethanol and its co-products (wet, modified wet and dried distiller's grains, corn oil and corn syrup) locally and throughout the continental United States. The principal products from ethanol production at the Company's plant and its subsidiary, Heron Lake BioEnergy, LLC (HLBEs) plant are fuel-grade ethanol, distiller grains, and non-edible corn oil. In addition, HLBE's plant also includes corn syrup and natural gas pipeline operations. It also extracts non-edible crude corn oil. It sells distillers grains (DDGS) as animal feed for beef and dairy cattle, poultry and hogs. Its corn oil is primarily sold to diesel manufacturers and, to a lesser extent, feed lot and poultry markets. Its ethanol production operations are carried out at its ethanol plant located in Granite Falls, Minnesota, and at the ethanol plant operated by HLBE located near Heron Lake, Minnesota. It distributes its products through third party marketers.
GRANITE FALLS ENERGY, LLC 
