SOUTHWEST IOWA RENEWABLE ENERGY, LLC

SIRE Board Elects New Director Kevin Ross

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Tuesday, February 2, 2021

COUNCIL BLUFFS, Iowa, Feb. 2, 2021 /PRNewswire/ --Southwest Iowa Renewable Energy, LLC ("SIRE" or the "Company") today announced the appointment of Kevin Ross as a member of SIRE's board of directors (the "Board"), effective as of Friday, January 29, 2021.

Key Points:

COUNCIL BLUFFS, Iowa, Feb. 2, 2021 /PRNewswire/ --Southwest Iowa Renewable Energy, LLC ("SIRE" or the "Company") today announced the appointment of Kevin Ross as a member of SIRE's board of directors (the "Board"), effective as of Friday, January 29, 2021.
Mr. Ross' assignments to SIRE Board committees have not yet been determined.
Following the recommendation of the Nominating Committee, on January 29th, 2021 the Board appointed Kevin Ross to the Board vacancy to serve through the 2022 annual meeting of the Company.
SIRE does not undertake to update any forward-looking statement which may be made from time to time by or on behalf of SIRE.

SIRE Announces Resignation of Hubert M. Houser

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Tuesday, December 8, 2020

Record labels, Hubert Houser, Houser, Sire Records, IOWA

COUNCIL BLUFFS, Iowa, Dec. 8, 2020 /PRNewswire/ --Southwest Iowa Renewable Energy, LLC ("SIRE" or the "Company" or "SIRE") today announced the resignation of The Honorable Hubert M. Houser as a member of SIRE's board of directors (the "Board") and chair of the Board's Nominating Committee, effective immediately.

Key Points:

COUNCIL BLUFFS, Iowa, Dec. 8, 2020 /PRNewswire/ --Southwest Iowa Renewable Energy, LLC ("SIRE" or the "Company" or "SIRE") today announced the resignation of The Honorable Hubert M. Houser as a member of SIRE's board of directors (the "Board") and chair of the Board's Nominating Committee, effective immediately.
Karol King, Chairman of SIRE's Board of Directors said: "Hubert Houser is one of the key founders of SIRE, having worked for years to attract additional industry, in particular value-added ag business, to Pottawattamie County and southwest Iowa.
Everyone at SIRE wishes Hubert the best as he continues expansion of his farming operations, with many new and innovative projects."
SIRE does not undertake to update any forward-looking statement which may be made from time to time by or on behalf of SIRE.

SIRE Repurchases Bunge's Stake in Iowa Ethanol Plant

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Thursday, January 2, 2020

Alcohols, Chemical substances, Food and drink, Ethanol fuel, Distillers grains, Fodder, Maize, Ethanol, IOWA, Utica Energy

COUNCIL BLUFFS, Iowa, Jan. 2, 2020 /PRNewswire/ --Southwest Iowa Renewable Energy, LLC ("SIRE") and Bunge North America, LLC ("Bunge") announced that SIRE repurchased Bunge's Series B membership units effective December 31, 2019.

Key Points:

COUNCIL BLUFFS, Iowa, Jan. 2, 2020 /PRNewswire/ --Southwest Iowa Renewable Energy, LLC ("SIRE") and Bunge North America, LLC ("Bunge") announced that SIRE repurchased Bunge's Series B membership units effective December 31, 2019.
In addition to the stock repurchase, SIRE will assume responsibility for originating corn and selling dried distillers grains produced by the plant.
SIRE is located on 275 acres inCouncil Bluffs, Iowa, operating an ethanol plant that is permitted to produce 140 million gallons per year.
SIRE began producing ethanol in February, 2009 and sells its ethanol, distillers grains, corn syrup, and corn oil in the continentalUnited States,Mexicoand thePacific Rim.

Southwest Iowa Renewable Energy, LLC Announces Credit Expansion and Repurchase of Membership Units

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Thursday, November 21, 2019

Farm Credit System, CoBank, IOWA, United States

COUNCIL BLUFFS, Iowa, Nov. 21, 2019 /PRNewswire/ --Southwest Iowa Renewable Energy, LLC ("SIRE" or the "Company") is announcing the recent expansion of its credit facility and a repurchase of membership units.

Key Points:

COUNCIL BLUFFS, Iowa, Nov. 21, 2019 /PRNewswire/ --Southwest Iowa Renewable Energy, LLC ("SIRE" or the "Company") is announcing the recent expansion of its credit facility and a repurchase of membership units.
As previously reported, effective November 8, 2019, the Company entered into amendments to its credit facility with Farm Credit Services of America, FLCA and CoBank, ACB as cash management provider and agent (the "Credit Facility").
Under the revised Credit Facility, the Company has in place a $30,000,000 term note with a maturity date of September, 2024 and principal payments of $7,500,000 per year.
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Southwest Iowa Renewable Energy, LLC Announces Results for Third Quarter of Fiscal 2019

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Wednesday, August 7, 2019

Alcohols, Chemical substances, Ethanol fuel, Ethanol, IOWA, Ethanol fuel in the United States, Renewable Fuel Standard

U.S. demand could eventually improve with expansion of E15 sales per the EPA's recent regulator revisions effective June 1, 2019.

Key Points:

U.S. demand could eventually improve with expansion of E15 sales per the EPA's recent regulator revisions effective June 1, 2019.
Our distiller grains have also seen increased price and demand improvement in Fiscal 2019 as compared to Fiscal 2018."
During the third quarter of Fiscal 2019, SIRE produced 30.3 million gallons of ethanol, compared to 29.9 million gallons during the third quarter of Fiscal 2018.
About Southwest Iowa Renewable Energy, LLC:
SIRE is located on 275 acres in Council Bluffs, Iowa, operating a 140 million gallon per year ethanol plant.

Southwest Iowa Renewable Energy, LLC Announces Results for First Quarter Fiscal 2019

Retrieved on:

Thursday, February 14, 2019

Alcohols, Chemical substances, Ethanol fuel, Ethanol, Gallon, Ethanol fuel in the United States, Cellulosic ethanol

Mike Jerke, SIRE's President and CEO stated, "So far during Fiscal 2019, we have seen very tight margins, continuing the trends of the previous quarters.

Key Points:

Mike Jerke, SIRE's President and CEO stated, "So far during Fiscal 2019, we have seen very tight margins, continuing the trends of the previous quarters.
Corn prices have increased per bushel as compared to Fiscal 2018, by almost 9% in Fiscal 2019 to date and ethanol prices in the U.S. remain well below last year's levels..
During the first quarter of Fiscal 2019, SIRE produced 33.2 million gallons of ethanol, compared to 31.7 million gallons during the first quarter of Fiscal 2018.
About Southwest Iowa Renewable Energy, LLC:
SIRE is located on 275 acres in Council Bluffs, Iowa, operating a 140 million gallon per year ethanol plant.

Southwest Iowa Renewable Energy, LLC Announces Results for Fiscal 2018

Retrieved on:

Friday, December 14, 2018

Low-carbon economy, Ethanol fuel, IOWA, Renewable energy

SIRE reported a net loss of $(2.1) million, or $(160.35) per basic unit,for Fiscal 2018, compared to net income of $13.4 million, or $1,008.85 per basic unit, for Fiscal 2017.

Key Points:

SIRE reported a net loss of $(2.1) million, or $(160.35) per basic unit,for Fiscal 2018, compared to net income of $13.4 million, or $1,008.85 per basic unit, for Fiscal 2017.
Modified EBITDA was $10.2 million for Fiscal 2018, compared to $25.9 million for Fiscal 2017.
Mike Jerke, SIRE's President and CEO stated, "During Fiscal 2018, margins decreased compared to Fiscal 2017 as our crush margin dropped by 19%, and our chemical costs were slightly higher in 2018.
About Southwest Iowa Renewable Energy, LLC:
SIRE is located on 275 acres in Council Bluffs, Iowa, operating a 140 million gallon-per-year ethanol plant.

Southwest Iowa Renewable Energy, LLC Announces Executive Leadership Transition

Retrieved on:

Friday, September 28, 2018

Ethanol fuel, IOWA, Renewable energy, Geography of Iowa, United States

COUNCIL BLUFFS, Iowa, Sept. 28, 2018 /PRNewswire/ --Southwest Iowa Renewable Energy, LLC ("SIRE" or the "Company") today announced the retirement of Brian T. Cahill as SIRE's President and CEO, and the appointment of Michael D. Jerke as President and CEO, effective October 22, 2018.

Key Points:

COUNCIL BLUFFS, Iowa, Sept. 28, 2018 /PRNewswire/ --Southwest Iowa Renewable Energy, LLC ("SIRE" or the "Company") today announced the retirement of Brian T. Cahill as SIRE's President and CEO, and the appointment of Michael D. Jerke as President and CEO, effective October 22, 2018.
Since 1990, Mike has worked in the grain and ethanol industries, including service as general manager or CEO of four ethanol companies.
About Southwest Iowa Renewable Energy, LLC:
SIRE is located on 275 acres in Council Bluffs, Iowa, operating a 140 million gallon per year ethanol plant.
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SOURCE Southwest Iowa Renewable Energy, LLC