Granite Falls Energy (GFGY) Stock Price, News & Analysis

Granite Falls Energy, LLC, together with its subsidiaries, produces and sells fuel-grade ethanol, distillers' grains, and non-edible corn oil in the United States. Its ethanol is a fuel component for the wholesale gasoline distributors or blenders, which is produced from corn and various other grains for use as an octane enhancer in fuels; an oxygenated fuel additive for reducing ozone and carbon monoxide vehicle emissions; a non-petroleum-based gasoline substitute; and a renewable fuel to displace consumption of imported oil. The company also provides distillers grains, a co-product of the ethanol production process that is used as an animal feed ingredient in the beef and dairy cattle, poultry, and hog markets; and corn oil, which is used primarily as a biodiesel feedstock and as a supplement for animal feed, as well as corn syrup, a by-product of the ethanol production process. In addition, it operates 190 miles of natural gas pipeline. The company markets and distributes its ethanol and distillers' grains through its third party marketers; and sells corn oil to diesel manufacturers. Granite Falls Energy, LLC was founded in 2000 and is headquartered in Granite Falls, Minnesota.