Biofuel Energy Delays Start Up of Two Ethanol Plants

Energy Resource,  Jan 18, 2008  

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ENERGY RESOURCE-18 January 2008-Biofuel Energy Delays Start Up of Two Ethanol Plants(C)2008 JeraOne - http://www.jeraone.com

Biofuel Energy Corp. has announced that the start up of its first two ethanol plants has been delayed by roughly 90 days.

Based on discussions with senior management of the general contractor building the plants, commercial production is now expected before the end of the second quarter, the company said.

BioFuel Energy is a development stage company currently engaged in constructing two 115 million gallons per year ethanol plants in the Midwestern corn belt. President and CEO Scott H. Pearce noted that the company remains focused on finishing construction of its initial facilities and finalizing plans for their commercial operation, while remaining open to acquisition opportunities.

BioFuel Energry's main facilities in Wood River, Nebraska, and Fairmont, Minnesota, will each have a nameplate capacity of 115 million gallons a year of fuel grade ethanol. Cargill, which holds an equity interest in BioFuel, will supply the corn required by the plants and market their output of ethanol and distillers grain.

The company expects to report its fourth quarter and year-end results in the last week of February.

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