When the four moved to the U. Probably their most well-known job was with the Beatles and consisted of decorating the Apple boutique in London as well as painting a psychedelic Rolls-Royce and grand piano for John Lennon. In , the group turned to music and enlisted Graham Nash as producer of their one and only record. Inside Your Mind Lay It Down We Are One Bonus Track Shining Light Bonus Track. HPB condition ratings. A world of vinyl at your fingertips. Find a store.
Side A 1. Fly 2. Voice On The Wind 3. But then it did. This is one of those play-it-until-you-get-it things—like ISB, like Frank Zappa, like Pink Floyd even—that is absolutely worth putting the effort into.
Even if you are initially turned off at the idea of flower children visual artists dabbling in pop music, get over it.
This record is the real deal. I mean look at these people. Look at their artwork. They are authentically psychedelic!!! This EPA damaged this industry beyond reproach. They -- the China trade war was damaging to us. And I think that we need -- a little payback wouldn't be so bad, but I'm not sure that that's going to happen.
And so I'd say that the chance is low that we probably see very much, but relative to what we've endured, more probably than any other industry impacted by China trade, EPA and other policies, we are probably the biggest impacted -- the industry that was -- had the most impact negatively as the ethanol industry.
And I think that that needs to be taken into consideration. One other kind of policy dynamic, this one from the other side of the Atlantic. When we talk about exports. It's usually Western hemisphere and in China, in the conversation. But we're seeing more and more headlines from Europe about the European Green Deal, the climate law, etc.
Why is the US industry not exporting billions of gallons to the world's largest fuel market? Because exactly what the administration is fighting, which is breaking down tariffs, is exactly what has to happen.
And it's a very unfair system where we'll bring in Brazilian ethanol without a tariff, but they tariff us to go into Brazil. We'll bring in Chinese products without a tariff, but we pay a tariff to go into China. We will bring EU products without a tariff, but we pay a tariff to go into the EU. And we continue to get unfair trade policy around ethanol everywhere in the world that we have to compete not only be cheaper, but also have to be cheaper, when you take into consideration a tariff while our boats pass in the night, as our policy is flawed on many different fronts.
We've done a good job building up our exports of ethanol around the world to what was pushing -- what was going to push probably 2 billion gallons. And I would say because of COVID and because of the lack of movement, we are significantly -- we're going to be significantly hampered at least over the short term to get ethanol out of this country and it's going to be driven both by not just COVID, but also trade policies and tariffs and that's what I think where we support this administration is, in the fact, that they are trying to break down these tariffs.
What's crazy is that, while we can get our ethanol into China, they're stealing our corn at the lowest farm prices that we've seen in how many years. I mean this is a unbelievable grain robbery from China stealing the corn out of the United States, stealing farm products from the US farmer, when not having to buy US ethanol and putting a tariff on that, while they come into our country and let COVID and this trade policy drive US corn prices, lower and now they step in and now they're going to buy?
That to me is a gross -- that is a complete, what I would say, mistake of our agricultural policy to let that happen and I think we need to stop it. Todd, I would agree with you, blatant inaptitude at the head of the EPA. My question is about high pro. So can you please update us on the collaboration with Novozymes? What you're working on and what you expect within the next few quarters incremental production available out of the yeast strains that you're using and other potential enhancements to product?
And then the Norwegians obviously want soy out of salmon. They've taken some specific actions there already. Can you quantify for us what the size of the Norwegian aquaculture market is and is it going to take many, many high pro plants beyond what Green Plains can do to satisfy their demand?
So with regard to what we're doing on moving up the price curve. It's not just a combination of just the level of protein, which has been done for -- Fluid Quip was doing that long before and collaborating to move those up the protein J-curve long before anybody else even thought about it. And so we believe that won't be the biggest issue to do that. In fact, it's a combination not just of protein, but as you said yeasts and other things that we're working on to really create a product.
If you think about the J curve that we've talked about, which is the higher the protein, it's not a linear price move on value. It's a J price move, which is the higher protein, you get actually multiples higher on price. And when you think about that if you flatten out that surface all around the J-curve, that's where we're going to operate, because it's not just about a higher protein.
It's about nutritional solutions and that's where we believe the partnership with Novozymes is really what that takes us to. It's going into their libraries of other things that they do, other than just moving protein higher and partnering with them to provide solutions to our customers that are much more valuable than just the level of protein.
And so we're making -- and what we wanted to do is get to a steady state in Shenandoah and run that way for a while before we start to bring these other nutritional solutions into the product quality and that's going to probably start to begin shortly there. Our partner is chomping at the bit and ready to go. We believe that we have lots and lots of innovation to add in and we're literally on the cusp of beginning these processes today.
But again, it's not just about raising level of protein, which Fluid Quip has been doing for many, many years through different technologies, both biological and mechanical. And then we will just tap into that expertise on top of what the library of solutions that our great partner of Novozymes.
But this partnership and Novozymes, a lot of things that we have seen around just are -- just some of our customer development in other areas is because of our partnerships that we're putting in place. So they're definitely achieving other things, other than just a product development. So we're excited about that. We're just kicking this off. And what that will allow us to do is, once we start Wood River Facility Number two, we will already know what we can immediately add to increase the value of this product.
When we look at the world, thinking about corn as a deliver -- corn protein meal, high protein corn meal as a delivery mechanism for aquaculture, right now, obviously, you see the fallout of soy is just beginning, in the not just negative nutritional characteristics, but negative connotation around the land use and other things that obviously we've dealt with a lot in ethanol, which we've proven to be incorrect. But today, we're still working on trying to figure out how to give Norway and other markets like that, a non-GMO solution and we are considering taking one of our refineries to a non-GMO corn supply, where we can make a non-GMO high protein corn meal right out of the bag and we think that we can do that over -- as the next one, possibly, we have chosen number three or number four would probably end up being a non-GMO solution and work with farmers to grow non-GMO corn and we have time to do that.
So just that market alone is , to , ton opportunity and that's just one single country. And that's just to include this as a delivery mechanism of high protein, but that doesn't include the nutritional characteristic that we can add on top of that. And that's just the salmon market. That's not inclusive of all the other aqua markets there is as well. But I think we're working with customers around the world, partners around the world, more to come on that and then more relationships that we're putting in place that I think will be very exciting for our shareholders.
It really does give you a cleaner runway. Is there may be an opportunity to do high pro faster on monetizing cattle or maybe a plant sale if that's still available to you? What would it take to do high pro faster and is that potentially under consideration for the next couple of quarters?
We're looking at accelerating and moving at warp speed if we can on high pro. We want to get it rolled out across all of our production facilities that we have and we're working on a strategy to do that. Financial strategy to do that, inclusive of many of the things that we've mentioned in the past, some that you've mentioned on this call. But the great thing about this announcement and the approval that we got and trying -- and getting -- and now getting to a close hopefully mid-August, mid-to-late August with the lender who we will announce at that time, is that it validates that this is a financeable asset.
Now remember, what's interesting is, this is not just bolting on a few pieces of equipment. It's a stand-alone high protein production facility that gets fed a stream from the ethanol plant, but that's it. At that point, it's on its own.
It has its own driers. Its own production facility. Its own load out. Its own quality control. It's much higher in standard to -- as we service pet and aqua markets, so it's -- as you've seen -- actually you have seen it. It's a stand-alone facility. And now as the lenders and as financing understands that, that we believe will kick off other project level financing in different forms. Obviously, we have to wait and see what those are. So we think this will lead to many other announcements, whether it's going to be through monetization of assets, whether it's going to be through partnerships or whether it's going to be through project level financings, I think you'll see more to come on that, but we want to move at warp speed.
And our next question comes from the line of Laurence Alexander with Jefferies. I guess, two things. So if you think about Shenandoah, I mean, it's obviously going to be a contributor. As you run, we said Shenandoah has the capability of running about 40, tons a year, 40, to 45, tons a year. And how close are these units to the kind of theoretical yields or should we expect a multi-year optimization cycle once you are done installing these units?
So our models were all built on a little over 3 pounds per bushels of yield. So that's going to be 3 pounds of protein for every bushel of corn, a bushel weighs about 56 pounds.
And so you could see how much of the corn kernel was going to go into this protein. We believe our short-term, we're going right -- we will be at 3. We're moving quickly and we will move quickly to that 3.Caroline Says - No Fool Like An Old Fool - clubexandalynewlapeconmembspanat.coinfo Music. Skip to main content. Try Prime CDs & Vinyl Go Search EN Hello, Sign in Account & Lists Sign in Account & Lists Orders Try Prime Cart. Today's Deals Your clubexandalynewlapeconmembspanat.coinfo Gift Cards Help Whole Foods Registry Sell Disability Customer Support.