REX American Resources Corp Dossier
Qualitative Analysis
Business overview
REX American Resources Corporation (NYSE: REX) is a leading holding company in the United States ethanol industry. Founded in 1980 and headquartered in Dayton, Ohio, the company transitioned from its historical retail roots to alternative energy. REX operates through its Ethanol and By-Products segment, holding majority ownership interests in two large-scale ethanol production facilities (One Earth Energy, LLC in Gibson City, Illinois, and Patriot Renewable Fuels, LLC in Annawan, Illinois) with a combined capacity of approximately 300 million gallons. Additionally, REX holds minority equity interests in four other ethanol plants with a combined capacity of approximately 430 million gallons. Beyond fuel-grade ethanol, the company produces and markets valuable co-products, including dried distillers grains with solubles (DDGS), modified distillers grains, and non-food grade corn oil.
Research as of 19 Jun 2026
Strategic Initiatives
Growth programs, investments, and their expected impact
Expanding the flagship One Earth Energy facility in Gibson City, Illinois, to increase annual ethanol production capacity up to 200 million gallons.
Expected impact: Designed to grow production volume and enhance financial returns by maximizing per-gallon benefits from low-carbon fuel incentives.
Developing carbon capture and sequestration infrastructure at the Gibson City location, including the construction of capture/compression facilities and a Class VI injection well.
Expected impact: Positions REX at the forefront of low-carbon fuel production, qualifying the company for valuable Section 45Q and 45Z clean fuel production tax credits.
Returning capital to shareholders through opportunistic buybacks of common stock.
Expected impact: Reduces shares outstanding, supporting long-term earnings per share (EPS) growth.
Mergers, Acquisitions & Partnerships
Recent deals and strategic collaborations
Strategic Partnerships
Collaborating on evaluating the carbon sequestration project at the One Earth Energy subsidiary, helping to navigate governmental approval stages and environmental assessments.