Inventories (Tables)

9 Months Ended

Sep. 30, 2023

Inventories [Abstract]

Schedule of Inventories

Inventories consisted primarily of bulk ethanol, specialty alcohols, corn, essential ingredients and unleaded fuel, and are valued at the lower of cost or net realizable value, with cost determined on a first-in, first-out basis. Inventory is net of a valuation adjustment of $0 and $4,612,000 as of September 30, 2023 and December 31, 2022, respectively. Inventory balances consisted of the following (in thousands):

	September 30, 2023		December 31, 2022
Finished goods	$	36,835	$	47,736
Work in progress		6,363		6,396
Raw materials		12,502		11,197
Other		1,392		1,299
Total	$	57,092	$	66,628