REX IS A LEADING U.S. PRODUCER OF ETHANOL, A RENEWABLE, CLEANER-BURNING FUEL
REX American Resources Corp. (NYSE: REX) – a publicly traded company since 1984 and on the New York Stock Exchange since 1986 – is the majority owner of two ethanol production plants with a combined capacity of 300 million gallons per year:
- One Earth Energy, LLC in Gibson City, Ill.
- NuGen Energy, LLC in Marion, S.D.
In addition, REX is a minority owner of Big River Resources, LLC, a holding company for four ethanol production plants with a combined capacity of approximately 425 million gallons per year:
- Big River Resources West Burlington, LLC in West Burlington, Iowa
- Big River Resources Galva, LLC in Galva, Ill.
- Big River United Energy, LLC in Dyersville, Iowa
- Big River Resources Boyceville, LLC in Boyceville, Wis.
These six plants – located in the corn belt close to major railroads and truck routes – also produce and sell three co-products:
- Dried distillers grains with solubles or DDGS, a high-quality, lower cost, protein-rich animal feed
- Modified distillers grains with solubles or MDGS, a protein-rich animal feed with higher moisture
- Distillers corn oil, which can be used to produce low-carbon fuels such as renewable diesel and biodiesel
We believe our work gives us new opportunities every day to reduce greenhouse gas emissions, protect the environment, lessen our country’s dependence on foreign oil, support farmers in the corn belt and promote the development of American agriculture.
Six ethanol production plants, three co-products, one goal: to make a positive impact on the environment, in our communities and on American agriculture through social responsibility.
REX is pursuing carbon sequestration
Since 2018, REX has made significant progress on a carbon sequestration exploratory project near its One Earth Energy plant. Carbon sequestration – the process of capturing and storing carbon dioxide (CO2), the most common greenhouse gas – has the potential to reduce global climate change.
Because the One Earth Energy plant is in the Illinois Basin, a region with proven geologic storage characteristics, REX began working with the Illinois State Geological Survey, under the Department of Energy’s CarbonSAFE initiative, to determine the feasibility of carbon sequestration near the plant and conduct initial tests.
In 2021, a test well was drilled to a depth of approximately 7,100 feet, where almost 2,000 feet of Mt. Simon Sandstone – the region’s primary carbon-storage resource – was encountered.
Geological modeling was conducted to predict the movement of injected carbon and the plume area underground, and to determine maximum injection pressure, reservoir quality and storage capacity, for potential CO2 injection wells.
The Environmental Protection Agency is now evaluating a Class VI permit application for three injection wells near the plant.
Meanwhile, work continues toward the goal of constructing a facility to capture, dehydrate and compress carbon to a state suitable for sequestration, along with a short pipeline to deliver carbon from the ethanol plant to the sequestration site for injection underground.
If this project is successful in the future, REX’s One Earth Energy plant would be striving toward its goal of reducing CO2 emissions and becoming a near-carbon neutral operation. Other potential benefits could include:
- Entering new markets for exporting low-carbon ethanol produced in a near-net-zero facility
- Keeping the plant more sustainable for the long term
- Creating positive local economic impact and real job growth
REX AMERICAN RESOURCES CORP.
7720 Paragon Road
Dayton, Ohio 45459
REX American Resources Corp. stock is traded on the New York Stock Exchange under the symbol REX.