(Colwich, Kan. – December 12, 2018) – ICM, Inc. and The Andersons, Inc. (Nasdaq: ANDE) have announced plans to implement value-added technologies in multiple ethanol plants operated by The Andersons, Inc. The Andersons will license Fiber Separation Technology Next Gen^TM (FST Next Gen™), Selective Milling Technology V2™ (SMT V2™), and Thin Stillage Solids Separation System^TM (TS4^TM).

“We have experienced operational benefits of the TS4^TM process at our Greenville, Ohio plant,” said Mike Irmen, President, The Andersons Ethanol Group. “We are looking forward to expanding our use of ICM’s technologies and implementing ICM’s TS4™, FST Next Gen™ and SMT V2™ systems into additional facilities.”

“The Andersons is always looking for innovative, cost-effective ways to improve their operations,” said Tom Ranallo, ICM VP of Operations. “We’re very excited that, once again, they have trusted ICM as their partner of choice and selected our technologies as best solutions to bring more value to their plants.”

SMT V2™ is ICM’s patented technology platform that is designed to maximize ethanol and distillers oil production while minimizing operational expenses. SMT V2™ maximizes the amount of starch exposed for conversion to ethanol and oil available for recovery while preserving fiber for higher value platform applications.

FST Next Gen^TM is ICM’s value-added, patented technology platform designed to maximize throughput in ethanol manufacturing facilities while minimizing energy consumption. This progressive pre-fermentation system removes fiber prior to fermentation, allowing more fermentable carbohydrates to be loaded into each batch for fermentation.

TS4^TM is ICM’s patent-pending technology platform that provides opportunities for separating the stillage process stream into its most valuable components: protein, clarified solubles and oil. The TS4^TM process improves dryer and evaporator efficiencies by reducing solids in stillage.

ICM will engineer, design, manufacture and install FST Next Gen^TM, SMT V2™, and TS4^TMprocess technologies in selected plants operated by The Andersons beginning in 2019.

About ICM, Inc.

Established in 1995 and headquartered in Colwich, Kan., with a regional office in Brazil, ICM provides innovative technologies, solutions, and services to sustain agriculture and to advance renewable energy, including ethanol and feed technologies that will increase the supply of world protein. By providing proprietary process technologies to over 100 facilities globally with a combined production capacity of approximately 8.8 billion gallons of annual ethanol production and 25 million tons of annual distiller grains, ICM has become a world leader in bio-refining technologies. For additional information, please visit www.icminc.com.

About The Andersons, Inc.

Founded in Maumee, Ohio, in 1947, The Andersons is a diversified company rooted in agriculture, conducting business across North America in the grain, ethanol, plant nutrient and rail sectors. The Andersons Ethanol Group operates ethanol plants in Albion, Mich.; Clymers, Ind.; Greenville, Ohio; and Denison, Iowa. The four plants combined are capable of producing over 475 million gallons of ethanol annually. For more information, please visit www.andersonsinc.com.