John. Thanks
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the about optimization announced. talk portfolio we let's Now program
As you a read program. morning undertaken in we the press optimization release this have portfolio
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that for the $X billion While in total drive invested are we our than total not the platform shareholders, believe credit in would portfolio that for this more value value we the today. the assets of reality getting is the
As our parts evaluate sum is that the of collective believe we our of undervalued. business, platform the we
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certain debt. down we assets our term to don't proceeds use strategy, that align As divest will we pay our with the
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plan year part basis third XXXX. Any into million from is and an million of the by portfolio number. of XXXX reduce implication. optimization annual a $XX like expenses program significant have starting new year’s added tax results. companies will last rate of the this to ours debt to to carry negative at Another our enacted be this The favorable on $XX But commodity controllable in program end proved quarter this savings the balances run tax to processing
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let’s so Now before announcement Fluid-Quip as improvements in seen have well, move our moving and history technology the fast. we never discuss industry’s
to We and the all industry going structures have characteristics that bolt-on been forward. to three technologies stabilize five evaluating have interesting enhance possibility margin and for
we because we a the future. others would not made in today mean choice doesn't implement one, for Just
know, we fast we follower have time when you already be come. indicated As a will has the
pleased are selected called high process Stillage Maximized or MSC Fluid-Quip’s have for Co-Products protein to We we feed technology. announce technology our
the will in Iowa work first will Shenandoah, and at completed install mid-XXXX. to have have our facility We
even Our MSC install uplift our the while fish in with of provide an high-protein about when diversify confident worldwide. our that the the ethanol this food, excellent of using higher to compared install three to The ethanol ingredient production plants concentration over technology demand and unchanged. years. produce at substitute is fourth in the feed plants plant, higher been a at the can we advantage and the will where high the XX% believe believe future is MSC range It animal be it. make to $X.XX technology in produces with even structure will the locations growing to investment around to today margin feed feed protein go improves poultry ingredients at high protein least and meals the and among technology one plan this a other we a proteins competing will produced and will ethanol acid driving meal aquaculture, making others. fish our is and next The distilled profile cases for We in year. three XX% plants. of expect several then amino opportunities product protein high direct that MSC consistent revenue that starting this later protein to it of to that distillers leaving production better impact at our deployed take industry XX% protein the protein go we of leverages proven production being has We protein stream value best while feel the some world. for product. the high I that higher produced pet soy swine get the out for after gallon
proceeds flow organic levels debt also pay to in high will selling down feed generation free from indicated We this use addition we growth after as fund our cash the additional assets production protein of to earlier.
shareholders our We we cash not and the our and share optimization can our reductions buying focus lost can interest plan as we stock. when to the also the of book ethanol make market portfolio on way price our go if know have dictates, best free buy back is principal below and to payment back back well. proceeds the flow is from also the these investment that production value, assets This value program shares we
provides the existing not buyback assets, ratio to Partnership. in as of storage the down the from negotiate long-term be sell with debt Partners, We to current of we Green coverage owned The of the faith the Green dilutive X.X potentially believe the contracts and pay the directors flexibility believe will units buyback repurchase assets relates unitholders. Partnership its and times. will Plains to production and the be good independent it do with would distribution of storage As the maintain to Partnership related assets goal we Partnership now by to proceeds super ethanol that if program well so and the Plains
like portfolio on this with it other disclose is point. details any we to While program, would information more provide for at you our optimization premature us
we capitalization, to XX market improve are actions our as improve flexibility delever balance year Our years our and focus on financial Plains. sheet next at the our Green
morning protein proceeds share Invest of of $XX debt proceeds. the this program's starting million objectives to reduce shares reminder, earnings release reducing with Iowa at high price company’s or divest other technology cash third Repurchase controllable term flow. sales by million And Shenandoah, XXXX five to finally, $XX assets and the in improve the a eliminating included As end year free the quarter the are, follow. in with by the significantly facility, the process remaining per in to locations with expenses XXXX. by
success reach way program, milestones. see those we the As the will this on announcements you appropriate along certainly on
kicking program the today. call are today. on off the We Thanks for coming
Now to session. Q&A start I’ll ask Crystal the
