Green Plains Renewable Energy and BioProcess Algae to Host U.S. Agriculture Secretary Vilsack at Grand Opening of Phase II Growe
14 April 2011 - 11:04PM
Green Plains Renewable Energy, Inc. (Nasdaq:GPRE) announced today
that U.S. Agriculture Secretary Tom Vilsack will deliver the
keynote address at the Grand Opening of Phase II of BioProcess
Algae's Grower HarvesterTM bioreactors in Shenandoah, Iowa.
"We are honored to have Secretary Vilsack deliver the keynote
address at this important event for BioProcess Algae and to see
firsthand our bioreactor technology growing and harvesting algae,"
said Todd Becker, President and Chief Executive Officer of Green
Plains Renewable Energy. "The next step for us is to take our
commercial scale reactors and build out an algae farm at our
ethanol plant in Shenandoah, which can produce inputs needed for
feed, food and next generation algae-based fuels. The co-location
at an ethanol plant has proven to be the right platform to rapidly
commercialize this technology."
About BioProcess Algae, LLC
BioProcess Algae LLC is a joint venture among CLARCOR Inc.
(NYSE:CLC) a global provider of filtration products, BioProcessH2O
LLC, a wastewater purification technology company, Green Plains
Renewable Energy, and the international renewable energy group NTR
plc, which builds and runs green energy and resource-sustaining
businesses. BioProcess Algae was created to commercialize advanced
photo-bioreactor technologies for the growing and harvesting of
algal biomass.
About Green Plains Renewable Energy, Inc.
Green Plains Renewable Energy, Inc. (Nasdaq:GPRE) is North
America's fourth largest ethanol producer, operating a total of
nine ethanol plants in Indiana, Iowa, Michigan, Minnesota, Nebraska
and Tennessee with annual expected operating capacity totaling
approximately 740 million gallons. Green Plains also markets and
distributes ethanol for independent third-party ethanol producers
with annual expected operating capacity totaling approximately 300
million gallons. Green Plains owns 51% of Blendstar, LLC, a biofuel
terminal operator which operates nine blending or terminaling
facilities with approximately 495 million gallons per year of total
throughput capacity in seven states in the south central United
States. Green Plains operates grain storage facilities and
complementary agronomy and petroleum businesses in Iowa, southern
Minnesota and western Tennessee.
Safe Harbor
This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995, as
amended. Such statements are identified by the use of words such as
"anticipates," "estimates," "expects," "will," "predicts,"
"intends," "plans," "believes," and other words and terms of
similar meaning in connection with any discussion of future
operating or financial performance. Such statements are based on
management's current expectations and are subject to various
factors, risks and uncertainties that may cause actual results,
outcome of events, timing and performance to differ materially from
those expressed or implied by such forward-looking statements.
Green Plains may experience significant fluctuations in future
operating results due to a number of economic conditions,
including, but not limited to, the successful validation and
commercialization of the Grower Harvester reactors, competition in
the ethanol and other industries in which the Company competes,
commodity market risks, financial market risks, counter-party
risks, risks associated with changes to federal policy or
regulation, and other risks detailed in the Company's reports filed
with the Securities and Exchange Commission, including its Annual
Report on Form 10-K for the year ended December 31, 2010 and in the
Company's subsequent filings with the SEC. Green Plains assumes no
obligation to update any forward-looking statements, whether as a
result of new information, future events or otherwise. The
cautionary statements in this report expressly qualify all of our
forward-looking statements. In addition, the Company is not
obligated, and does not intend, to update any of its
forward-looking statements at any time unless an update is required
by applicable securities laws.
CONTACT: Company Contact:
Jim Stark, Vice President - Investor and Media Relations
Green Plains Renewable Energy, Inc.
(402) 884-8700
Investor Contact:
John Baldissera
BPC Financial Marketing
(800) 368-1217
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