Company experts to discuss powering agriculture at the Commodity Classic tradeshow in Houston
HOUSTON, Feb. 28, 2024 /PRNewswire/ -- Cenex®, the energy brand of CHS, is showcasing how the nation's leading agribusiness cooperative is powering agriculture. In line with this year's theme, new frontiers in agriculture, Cenex and CHS are delivering interactive presentations on the evolution of agriculture energy and where it's headed, including an analysis of potential technological paradigm shifts.
Exhibit visitors are encouraged to speak in person with energy experts from Cenex and CHS on the latest developments in energy for agriculture, including the growth of renewable diesel fuels, a new generation of fuel and lubricant products, and how emerging energy may affect diesel and ag markets. Experts will be presenting during the tradeshow on:
The company is providing farmers the opportunity to learn more about how the company is preparing for the agriculture industry's diversified energy needs. "Farmers will most likely have increasing choices of fuels for their operations," said Ron Batey, CHS director of refined fuels pricing and economics. "Agriculture-based renewable fuel is part of a diverse approach to decarbonization."
"At CHS and Cenex, we see demand for renewable diesel growing," Batey said. "Renewable diesel manufacturing appears to be coming on strong with new plants planned. There's little doubt that emerging energy will have significant effects on diesel and ag markets. And we expect energy market demand to increasingly influence grain and animal feed markets. We're tracking exactly how energy changes will influence and alter various key markets over time."
CHS is preparing for emerging energy with both an energy and agriculture mindset, exploring the viability of new technologies to power rural America. CHS is committed to shaping agriculture's dynamic energy landscape through innovation and welcoming conversations with customers and farmer-owners at key industry forums like the Commodity Classic.
About Cenex
Cenex (www.cenex.com), the energy brand of CHS Inc., provides high-quality refined fuels through nearly 1,400 locally owned convenience store locations across 19 states. Consumers depend on Cenex fuels, lubricants, propane and renewable energy products to power homes, businesses, and communities.
About CHS Inc.
CHS Inc. (www.chsinc.com) creates connections to empower agriculture. As a leading global agribusiness and the largest farmer-owned cooperative in the United States, CHS serves customers in 65 countries and employs nearly 10,000 people worldwide. We provide critical crop inputs, market access and risk management services that help farmers feed the world. Our diversified agronomy, grains, foods and energy businesses recorded revenues of $45.6 billion in fiscal year 2023. We advance sustainability through our commitment to being stewards of the environment, building economic viability and strengthening community and employee well-being.
This document and other CHS Inc. publicly available documents contain, and CHS officers, directors and representatives may from time to time make, "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and similar references to future periods. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on CHS current beliefs, expectations and assumptions regarding the future of its businesses, financial condition and results of operations, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of CHS control, including CHS' ability to identify opportunities to collaborate with GROWMARK on strategic projects and whether such projects ultimately benefit both farmer-owners and customers across both cooperatives. CHS actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not place undue reliance on any of these forward-looking statements. Important factors that could cause CHS actual results and financial condition to differ materially from those indicated in the forward-looking statements are discussed or identified in CHS filings made with the U.S. Securities and Exchange Commission, including in the "Risk Factors" discussion in Item 1A of CHS Annual Report on Form 10-K for the fiscal year ended August 31, 2023. These factors may include: changes in commodity prices; the impact of government policies, mandates, regulations and trade agreements; global and regional political, economic, legal and other risks of doing business globally; the ongoing war between Russia and Ukraine; the escalation of conflict in the Middle East; the impact of inflation; the impact of epidemics, pandemics, outbreaks of disease and other adverse public health developments, including COVID-19; the impact of market acceptance of alternatives to refined petroleum products; consolidation among our suppliers and customers; nonperformance by contractual counterparties; changes in federal income tax laws or our tax status; the impact of compliance or noncompliance with applicable laws and regulations; the impact of any governmental investigations; the impact of environmental liabilities and litigation; actual or perceived quality, safety or health risks associated with our products; the impact of seasonality; the effectiveness of our risk management strategies; business interruptions, casualty losses and supply chain issues; the impact of workforce factors; our funding needs and financing sources; financial institutions' and other capital sources' policies concerning energy-related businesses; technological improvements that decrease the demand for our agronomy and energy products; our ability to complete, integrate and benefit from acquisitions, strategic alliances, joint ventures, divestitures and other nonordinary course-of-business events; security breaches or other disruptions to our information technology systems or assets; the impact of our environmental, social and governance practices, including failures or delays in achieving our strategies or expectations related to climate change or other environmental matters; the impairment of long-lived assets; the impact of bank failures; and other factors affecting our businesses generally. Any forward-looking statements made by CHS in this document are based only on information currently available to CHS and speak only as of the date on which the statement is made. CHS undertakes no obligation to update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise except as required by applicable law.
SOURCE CHS Inc.