BioProcess Algae and Green Plains Break Ground on Five Acre Production Facility in Shenandoah, Iowa
02 Februar 2012 - 1:32AM
BioProcess Algae LLC and Green Plains Renewable Energy, Inc.
(Nasdaq:GPRE) announced that they will start construction of
BioProcess Algae's five acre production facility at Green Plains'
ethanol plant in Shenandoah, Iowa. The project will be comprised of
a combination of at scale Grower HarvesterTM bioreactors and a
plant to further dewater and process the algae into finished
product. The horizontal reactors have been successfully running
outdoors since the fall of 2011 and this marks the next step in the
project to commercialize algae focused on markets for animal feed,
fuel, omega-3 products and high-value nutraceuticals.
"After a successful rollout of the horizontal reactors at full
commercial scale, we are eager to move forward with this project
producing meaningful quantities of dried wholesale algae for use in
products now," said Todd Becker, President and Chief Executive
Officer of Green Plains. "This new phase will mark the successful
transition to a larger footprint located adjacent to our
Shenandoah, Iowa ethanol plant which will provide the basic inputs
the bioreactors need: carbon dioxide, warm water and heat."
"Our technology has successfully brought algae directly into the
sunlight using limited inputs while increasing growth rates," says
Tim Burns, Chief Executive Officer of BioProcess Algae. "We
continue to work with potential strategic customers including major
food, animal feed, energy and pharmaceutical companies around the
world," continued Burns. "Often times, this is the first access
they have had to larger quantities of wholesale algae. Our goal is
to produce algae in a cost effective manner that can be used as the
customer sees fit."
BioProcess Algae Grower Harvester bioreactors located in
Shenandoah, Iowa have been continually running since their Phase I
launch in October 2009.
About BioProcess Algae, LLC
BioProcess Algae provides a carbon capture technology for low
cost, high quality feedstock production for nutrition, animal feeds
and biofuels. BioProcess Algae is a joint venture among CLARCOR
Inc. (NYSE:CLC), a global provider of filtration products,
BioHoldings LTD, a clean-tech research & development company,
Green Plains Renewable Energy, and the international renewable
energy group NTR plc, which builds and runs green energy and
resource-sustaining businesses.
About Green Plains Renewable Energy,
Inc.
Green Plains Renewable Energy, Inc. (Nasdaq:GPRE) is North
America's fourth largest ethanol producer. The Company markets and
distributes approximately one billion gallons of renewable motor
fuel on an annual basis, including 740 million gallons of expected
production from the Company's nine ethanol plants located
throughout the U.S. Green Plains owns and operates grain handling
and storage assets and provides complementary agronomy services to
local grain producers through its agribusiness segment. Green
Plains owns BlendStar LLC, a biofuels terminal operator with
locations in the southern U.S. Green Plains is a joint venture
partner in BioProcess Algae LLC, which was formed to commercialize
advanced photo-bioreactor technologies for the growing and
harvesting of algal biomass.
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," "believes," "estimates," "expects," "goal,"
"intends," "plans," "potential," "predicts," "should," "will," 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, 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, risks related to closing
and achieving anticipated results from acquisitions, risks
associated with the Company's joint venture to commercialize algae
production and commercialize algae-related products and technology
as well as market acceptance of such products, the growth potential
of the algal biomass industry, 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, as amended, 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 the Company's
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: Jim Stark, Vice President - Investor and Media Relations
Green Plains Renewable Energy, Inc.
(402) 884-8700
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