ALTO - Alto Ingredients resumes operation at its Magic Valley facility

Alto Ingredients (NASDAQ:ALTO) announces the restart of ethanol production at its Magic Valley, Idaho facility in November 2021. "The installation of the protein project at our dry mill in Magic Valley will also enhance the profitability and sustainability of the facility. Harvesting Technology’s patented CoPromax™ system is extremely well suited for Magic Valley due to the growing demand for high protein feed in nearby cattle, poultry, pork, and aquaculture markets," says  Alto Ingredients’ president and CEO Michael Kandris. CoPromax System is expected to Contribute over $9M annually in Adjusted EBITDA. Further, the company expects to commission the project by mid- 2022 and roll out the CoPromax system at its three other dry mills. Earlier, Alto Ingredients EPS misses by $0.17, beats on revenue

For further details see:

Alto Ingredients resumes operation at its Magic Valley facility