CORRECTING and REPLACING US BioEnergy Celebrates Grand Opening of Ord, Nebraska Ethanol Facility
August 15 2007 - 12:14PM
Business Wire
Adding word to quote in fifth paragraph; second part of quote
should read: �Ethanol production is one of the major drivers of
economic activity in small communities across our state ..." (sted
�Ethanol production is one of the major drivers of economic in
small communities across our state ..."). The corrected release
reads: US BioEnergy Celebrates Grand Opening of Ord, Nebraska
Ethanol Facility US Bio Ord, a 50 Million Gallon Per Year Facility,
Furthers US BioEnergy�s Position as Leading Ethanol Producer in US
US BioEnergy Corporation (NASDAQ:USBE), one of the largest ethanol
producers in the United States is celebrating today the grand
opening of the company�s newest ethanol plant in Ord, Nebraska. US
BioEnergy currently operates two ethanol plants in the state of
Nebraska; the other at US Bio Platte Valley, a 100 million gallon
per year facility located in Central City. US Bio Ord, which began
operations in May 2007, is expected to produce approximately 50
million gallons of ethanol and 275,000 tons of modified wet
distillers grains per year. This brought the company�s total
expected ethanol production capacity to 300 million gallons of
ethanol per year, through four facilities. �As we celebrate the
grand opening of US Bio Ord, I am pleased to reflect on the success
of our company�s growth,� commented Gordon Ommen, CEO of US
BioEnergy. �We are thrilled to be a member of the Ord community
with a shared vision of energy independence and economic vitality.�
Nebraska Governor and current Chairman of the Governor�s Ethanol
Coalition, Dave Heineman, will gather with US BioEnergy CEO Gordon
Ommen, Ord Mayor Randy O�Brien and other local and industry
dignitaries in the ceremony to be held at 11am this morning at
48267 Val-E Road. �The reality for communities from coast to coast
to benefit from ethanol is here,� Gov. Heineman said. �Ethanol
production is one of the major drivers of economic activity in
small communities across our state, and I�m very pleased to have
the opportunity to see this plant up and running.� About US
BioEnergy Corporation US BioEnergy Corporation is a producer and
marketer of ethanol and distillers grains. The company currently
owns and operates four ethanol plants and has three additional
ethanol plants under construction, and intends to acquire
Millennium Ethanol, LLC. Upon completion of these initiatives, the
company will own and operate eight plants with combined expected
nameplate ethanol production capacity of 700 million gallons per
year. Forward-looking Statements Certain matters discussed in this
news release are "forward-looking statements." The Private
Securities Litigation Reform Act of 1995 has established that these
statements qualify for safe harbors from liability. Forward-looking
statements may include words like "believe," "anticipate,"
"target," "expect," "pro forma," "estimate," "intend," "guidance"
or words of similar meaning. Forward-looking statements describe
future plans, objectives, expectations or goals. Although US
BioEnergy Corporation believes that its expectations are based on
reasonable assumptions, all forward-looking statements involve risk
and uncertainty. Therefore, actual results could vary materially
from what we expect. Please review our filings the Securities and
Exchange Commission, including Annual Report on Form 10-K for the
year ended December 31, 2006, for important risk factors that could
cause results to differ materially from those in any such
forward-looking statements. Any forward-looking statement speaks
only as of the date such statement was made, and the company does
not undertake any obligation to update any forward-looking
statement to reflect events or circumstances after the date on
which such statement was made except as required by applicable laws
or regulations.
US Bioenergy Corp (MM) (NASDAQ:USBE)
Historical Stock Chart
From Oct 2024 to Nov 2024
US Bioenergy Corp (MM) (NASDAQ:USBE)
Historical Stock Chart
From Nov 2023 to Nov 2024