Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES

v3.24.3
INVENTORIES
 9 Months Ended
Sep. 30, 2024
Inventory Disclosure [Abstract]  
INVENTORIES
NOTE 4 - INVENTORIES
Inventories as of September 30, 2024 and December 31, 2023 consisted of the following:
(in thousands) September 30, 2024 December 31, 2023
Renewable feedstocks $ 14,598  $ — 
Camelina seed, grain, meal and oil inventories 9,099  4,044 
Renewable finished products 2,784  354 
Spare parts and materials 4,860  156 
Total inventories, net $ 31,341  $ 4,554 
The Company recognized a loss of $9.2 million and $0.0 million for the three months ended September 30, 2024 and 2023 September 30, 2024, respectively, and $10.3 million and $0.7 million for the nine months ended September 30, 2024 and 2023, respectively, due to Camelina seed, grain, meal and oil inventories and renewable finished products inventories being adjusted to the lower of cost or net realizable value.