Ethanol and feed producer Green Plains Inc. announced Tuesday that its board of directors has decided to suspend its quarterly cash dividend in order to retain and redirect cash flow to the company’s Project 24 opex equalization plan, the deployment of high-protein technology and its stock repurchase program. The company’s Project 24 initiative is expected to significantly reduce its ethanol production operating costs and support deployment of its high-protein feed technology across Green Plains’ production platform, President and CEO Todd Becker said in a news release. The company plans to immediately deploy capital to repurchase approximately $80 million in stock remaining under the $100 million program authorized by the board in August 2014, Becker said. The Omaha-based company separately announced a $105 million private senior note offering on Tuesday.