Cost to repair finish dryer at ProGold plant estimate to be over $2 million

Recently, Cargill informed ProGold that repairs to the finish dryer at the plant would occur in 2020 at a cost of over $2 million. These repairs will consist of the replacement of the tube sheet, tubes and significant shell reinforcement. The fiber finish (tube sheet) dryer, is a last stage dryer for corn gluten feed shipped as a dry product. Over the past several years, efficiency and reliability has declined as 20% of steam tubes became worn out and were capped. Repair of the fiber finish dryer was an anticipated capital expenditure during the term of the current lease.