US BioEnergy and Big River Resources Begin Site Work on Ethanol Plant Near Grinnell.ST. PAUL St. Paul as a missionary he fearlessly confronts the “perils of waters, of robbers, in the city, in the wilderness.” [N.T.: II Cor. 11:26] See : Bravery , Minn. -- US BioEnergy Corporation (Nasdaq:USBE USBE US BioEnergy Corporation (stock symbol) ), the largest pure-play ethanol producer in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , and Big River Resources, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , an early ethanol producer utilizing Mississippi River Mississippi River River, central U.S. It rises at Lake Itasca in Minnesota and flows south, meeting its major tributaries, the Missouri and the Ohio rivers, about halfway along its journey to the Gulf of Mexico. transportation and owner of a 56 million gallon per year plant near West Burlington, Iowa The City of West Burlington is in Des Moines County, Iowa, United States, adjacent to the City of Burlington located on the bluffs of the Mississippi River. As of the 2000 census, the city had a population of 3,161. , announced today that construction has begun on a jointly owned 100 million gallon per year dry grind ethanol facility near Grinnell, Iowa. "We are pleased to begin construction on this project with Big River Resources," said Gordon Ommen, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and chairman of US BioEnergy. "The production of ethanol is a key component to increasing our country's energy independence and revitalizing the Midwest's economy." "Big River Resources is committed to expanding ethanol production throughout the region. This joint venture will further our goal of improving the agriculture economy in the region and establishing ethanol as the premier renewable fuel," said Raymond E. Defenbaugh, president, CEO and chairman of Big River Resources, LLC. Once operational, this 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 a plant of this size has been about 20 months. Fagen, Inc. will provide design, engineering and construction services for the project. 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 five additional ethanol plants under construction. Upon completion of these initiatives, the company will own and operate eight plants with combined expected ethanol production capacity of 650 million gallons per year Million gallons per year is a measure of large-scale liquid production, consumption, or throughput. It is variously abbreviated as mgy, MGY, mmgy, MMgy, or MMGY. . About Big River Resources, LLC Big River Resources owns and operates an efficient 56 mgy ethanol plant strategically located in West Burlington, Iowa. It is currently undergoing an expansion to increase production to 92 mgy. Big River Resources provides renewable fuels throughout the United States and has co-product DDG DDG Guided Missile Destroyer DDG Deutsche Diabetes Gesellschaft DDG Deputy Director General DDG Drop Dead Gorgeous DDG Deutsche Dermatologische Gesellschaft (German Society of Dermatologists) sales in the United States, Asia, Europe, South and Central America and Mexico. Big River Resources has also made an investment in Absolute Energy, a 100 mgy project under development near Lay, Iowa. Additionally, Big River Resources has purchased the Lincoln Land Rail facility with plans to construct a 100 mgy plant near Galva, IL. It is anticipated the joint venture in Grinnell, IA will provide opportunities to Big River Resources and U.S. BioEnergy allowing each company a competitive advantage in the marketplace. Forward-looking Statements Certain matters discussed in this news release are "forward-looking statements." The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase 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. |
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