REX American Resources Corporation is one of the companies engaged in the energy industry. The business is a diversified venture that produces and markets ethanol, natural gas and distillers grains. Prior to 2009, the business served as the parent company of three other corporations, namely Kelly & Cohen Apliances, Rex Radio and Television, Inc. and Stereo Town, Inc. These three businesses were eventually divested to allow the business to focus on its energy products.
Today, REX American Resources Corporation oversees their interests in 6 ethanol production facilities in the United States. In a span of 12 months, which ended in July 2015, these facilities were able to produce and ship out 633 million gallons of ethanol. The biggest operations and interests of the company are in their NuGen Energy, LLC operations. The company has 99.5% ownership over this production facility that is capable of generating 100 million gallons of ethanol and an additional 320,00 tons of dried distiller grains. One Earth Energy, LLC is the second largest company that the business has interests over. REX American Resources has 74.6% interests over this facility. Just like NuGen Energy, LLC, this facility is also capable of producing 100 million gallons of ethanol and 320,000 tons of distiller grains.
The ownership of the company over the other 4 facilities is less than 10%. These facilities include Big River Resources W Burlington, LLC, Big River Resources Galva, LLC; Big River Resources Boyceville, LLC and Big River United Energy, LLC. These facilities are also capable of producing millions of gallons of ethanol.
It was in 1980 that the business was started. Today, it generates more than $695.69 million in annual revenue. REX American Resources publicly trades its common shares on the New York Stock Exchange, using the ticker symbol REX.
No comments:
Post a Comment