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Al-Corn Clean Fuel


Trading Status: Active
Web Site: al-corn.com
SEC Filing(s): No
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Al-Corn Clean Fuel Logo
Current Postings for Al-Corn (Unit)
Match History for Al-Corn (Unit)

Founded in 1994, Al-Corn Clean Fuel was created when depressed corn prices drove local farmers to seek new opportunities to add value to their corn crop.

For two decades Al-Corn Clean Fuel has created a guaranteed and stable market for corn, maintained a strong cash position during an uncertain economy and made investments that added significant value for members and their local communities.

Today, the Al-Corn Clean Fuel plant utilizes a dry milling process, the most commonly used method in the ethanol industry. The whole corn kernel is ground into a powder, mixed with recovered process liquids to form a mash (similar to oatmeal) and then cooked with enzymes that turn the starch into glucose. Yeast is added and the mash is fermented.

The resultant “beer” is distilled to separate the ethanol from the solids and remaining liquids. These are further processed to recover liquids for the mashing process, and to produce high protein livestock feed and distillers corn oil.

Annually Al-Corn Clean Fuel grinds 40 million bushels of corn and produces 120 million gallons of ethanol. The plant also produces 270,000 tons of high protein livestock feed and 28 million pounds of corn oil. The majority of these co-products are consumed by refiners, livestock feeders, meat packers and biodiesel producers throughout Minnesota.

Al-Corn Clean Fuel continues to utilize the best available control technologies in order to reduce energy consumption and production costs while at the same time increasing efficiencies and reducing emissions.

Al-Corn has reduced water consumption to less than 2.4 gallons of water per gallon of ethanol and was the first plant to achieve “zero liquid discharge”.

The company's energy conservation efforts have reduced the plant’s energy use by more than 35% compared to the original plant design.




Company Documents:

DISCLOSURE REGARDING TAX REVIEW
Al-Corn Clean Fuel LLC (the “Company”) has been notified by the Internal Revenue Service (IRS) that the tax return for Al-Corn Clean Fuel, the cooperative, filed in connection with the cooperative’s merger into the Company is under review.  However, the Company has not been notified by the IRS of any tax deficiencies and the IRS audit of the cooperative’s tax returns is in a preliminary information gathering phase. 

The Company believes the cooperative merger into the Company was correctly reported for tax purposes and will vigorously contest any proceedings challenging the tax treatment of the merger.  If the IRS were to challenge the tax treatment of the merger, a new purchaser of Company units, who was not involved in the merger, would not have any additional tax liability from such an assessment, but the Company, as successor in interest to the cooperative, would be liable for any additional tax that might be assessed against the cooperative.  A material additional tax liability would require the Company to devote other resources to the payment of any such tax liability; those resources could include payment from the Company’s reserves, from its future income or, if required by the Company’s then-current financial status, by a capital call to the members completed in accordance with the Company’s limited liability company agreement. 

The Company will notify potential sellers and purchasers of the Company’s units of any material changes in the status of the tax audit.



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Al-Corn (Unit)
Share Type: Unit View Sample Buyer's Contract
Share Class: Unit View Sample Seller's Contract
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  • Minimum Ownership: 5,000 Units. However, unless you are a Grandfathered Member of the Co-op you must own 30,000 Units and apply to the Board of Directors for membership in order to be a voting member of the LLC.
  • Minimum Sale or Purchase: The minimum sale or purchase for Class A Units is 1,000 units.
  • Incremental Sale or Purchase: Class A Units may be sold and purchased in increments of 1,000 Units. If wish to purchase or sell an odd lot of units you must call Agstocktrade.com at 1-800-859-3018 to have them listed for you.
  • The Seller will be required to pay Variable Investment Advisors, Inc. a fee of two percent (2%) of the gross sales price, with a minimum fee per transaction equal to one hundred seventy-five dollars ($175.00), to be paid out of the Seller's proceeds at the time of closing.
  • Match Effective Dates
    • January, February and March Matches effective no sooner than April 1st
    • April, May and June Matches effective no sooner that July 1st
    • July, August and September Matches effective no sooner than October 1st
    • October, November and December Matches effective no sooner than January 1st
  • An offer to sell cannot be matched unless it has been posted for at least 15 days.
  • A transfer of Units to a new owner cannot occur prior to 45 days after the offer to sell such Units has been posted by the Seller.
  • Offers to sell that have not been matched within 120 days after being posted will be removed, and the Seller may not post additional offers to sell any Units for a period of 60 days after such removal. 

Offers to Buy Unit

Currently no Offers to Buy
Offers to Sell Unit

# Shares Price/Share Delivery Matchable Transferable Expiration Post Date & Time
25,000 $3.05 No 07/23/2019 N/A 11/05/2019 07/09/2019 - 09:35:56 AM
30,000 $3.00 No 08/03/2019 N/A 11/16/2019 07/20/2019 - 04:04:24 PM
5,000 $2.75 No 09/02/2019 N/A 12/16/2019 08/19/2019 - 01:38:37 PM
10,000 $3.00 No 09/05/2019 N/A 12/19/2019 08/22/2019 - 09:16:36 AM
10,000 $2.95 No 09/09/2019 N/A 10/28/2019 08/26/2019 - 12:15:44 PM
30,000 $2.95 No 10/04/2019 N/A 01/17/2020 09/20/2019 - 09:17:17 AM
 
 
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