REX
- REX American Resources Corporation
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Overview
Company Summary
REX American Resources Corporation (REX) is a company primarily engaged in the production and sale of alternative energy and ethanol. They operate in the ethanol and renewable fuels industry, focusing on the production of ethanol and its co-products.
Ethanol is a renewable, bio-based fuel primarily derived from crops such as corn. REX owns and operates dry-mill ethanol production facilities across the United States. These facilities convert corn and other feedstocks into ethanol through a process of fermentation and distillation.
Apart from ethanol, REX also produces and sells a variety of co-products obtained during the production process. These co-products include distillers grains, corn oil, and dried distillers grains with solubles (DDGS). Distillers grains are used for animal feed, while corn oil is primarily utilized in the biodiesel industry. DDGS is another commonly used feed ingredient for livestock and poultry.
REX American Resources Corporation is actively involved in different aspects of the alternative energy industry, addressing the growing demand for renewable fuels and working towards reducing dependence on fossil fuels. Their operations contribute to a more sustainable energy future by supplying biofuels that can be blended with gasoline, reducing greenhouse gas emissions and promoting energy security.
As a public company, REX also engages in strategic investments and acquisitions within the renewable energy sector. They continuously scout for opportunities to expand their renewable fuels production capacity and diversify their business portfolio.
In summary, REX American Resources Corporation is primarily dedicated to the production and sale of ethanol and associated co-products. Their focus on sustainable and renewable energy solutions makes them a prominent player in the alternative fuels industry.