If you've gassed up, or had an ice cream cone, or enjoyed a glass of spirits, most likely you've experienced one of the many uses of ethanol. It's used in food products, blended gasolines, and in distillers' spirits, and it has become a big business in the US, which leads the world in ethanol production, with over 2x second place Brazil's production. The yield is 11.04%, Q4 distribution coverage was 1.15X. The GP plans a new dropdown asset in Q2 2018. Management has raised the payout for nine straight quarters.
Green plains Partners LP (GPP) is a fee-based, limited partnership formed by its parent, Green Plains Inc. (GPRE), to provide ethanol and fuel storage, terminal and transportation services by owning, operating, developing and acquiring ethanol and fuel storage tanks, terminals, transportation assets and other related assets and businesses. GPRE owns 62.5% of GPP, and public unit holders hold 35.5%. GPP IPOd in June 2015 and is headquartered in Omaha, Nebraska. GPP is the yieldco arm of GPRE - the companies mostly share management.
Source: Seeking Alpha
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