|Green Plains Selects Allegro Energy Trading & Risk Management Solution|
DALLAS, TX, April 5, 2011 - Allegro Development Corporation (“Allegro”), a leading provider of energy trading and risk management (ETRM) software, announced today that Green Plains Renewable Energy, Inc. has chosen the Allegro 8 platform to manage the sales and distribution activities for all ethanol and distillers grains across its facilities.
Allegro’s enterprise system can support significant volumes in physical and derivatives trading, risk management and logistics activities and counterparty credit risk analysis. Allegro 8 will provide enhanced capabilities across Green Plains’ operations in energy and agricultural commodities, including:
About Green Plains Renewable Energy, Inc.
Green Plains is North America’s fourth largest ethanol producer, operating a total of nine ethanol plants in Indiana, Iowa, Michigan, Minnesota, Nebraska and Tennessee with annual expected operating capacity totaling approximately 740 million gallons. The company also markets and distributes ethanol for independent ethanol producers and operates grain storage facilities and complementary agronomy businesses in Iowa, southern Minnesota and western Tennessee.
About Allegro Development
Allegro is a global leader in energy trading & risk management solutions for power and gas utilities, refiners, producers, traders, and commodity consumers. With more than 29 years of deep industry expertise, Allegro’s enterprise platform drives profitability and efficiency across front, middle, and back offices, while managing the complex logistics associated with physical commodities. Allegro provides customers with agile solutions to manage risk across natural gas, power, coal, crude oil, petroleum products, emissions, and other commodity markets, allowing decision makers to hedge and execute with confidence. Headquartered in Dallas, Texas, Allegro has offices in Calgary, Houston, London, Singapore, Sydney, and Zurich, along with a global network of partners.
For further information please contact Samantha Johnston at firstname.lastname@example.org or +220.127.116.1149.