ST. PAUL, Minnesota (January 12, 2007) – US BioEnergy Corporation (Nasdaq:USBE), the largest pure-play ethanol producer in the United States, announced today it began site preparation work near Janesville, Minnesota. “We are excited to become a part of the community as we begin dirt work on the site,” said Dan Seckora, project manager. “It’s a great feeling to be part of a project that will bring benefits to the local community, as well as the nation.”
The facility is expected to produce approximately 100 million gallons of ethanol per year, 320,000 tons of distillers grains per year and employ about 45 people. Historically, the construction cycle for its ethanol plants has been about 20 months. Fagen, Inc. will provide design, engineering and construction services for the project.
“This is further evidence of our ability to execute our growth strategy and our industry leadership position,” said Gordon Ommen, CEO and chairman. “We believe in the power of the American farmer and the economic revitalization ethanol production is bringing to the Midwest.”
About US BioEnergy Corporation
US BioEnergy Corporation is a producer and marketer of ethanol and distillers grains. The company currently owns and operates three ethanol plants and has four additional ethanol plants under construction. Upon completion of these initiatives, the company will own and operate seven plants with combined expected ethanol production capacity of 600 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 prospectus filed with the Securities and Exchange Commission on December 14, 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.
Media Contact:
JD Bergquist
US BioEnergy Corporation
(651) 355-8357
media@usbioenergy.net
