USBE US Bioenergy Corp (MM)

US BioEnergy Corporation (NASDAQ:USBE), one of the largest ethanol producers in the United States is celebrating today the grand opening of the company�s newest ethanol plant in Ord, Nebraska. US BioEnergy currently operates two ethanol plants in the state of Nebraska; the other at US Bio Platte Valley, a 100 million gallon per year facility located in Central City. US Bio Ord, which began operations in May 2007, is expected to produce approximately 50 million gallons of ethanol and 275,000 tons of modified wet distillers grains per year. This brought the company�s total expected ethanol production capacity to 300 million gallons of ethanol per year, through four facilities. �As we celebrate the grand opening of US Bio Ord, I am pleased to reflect on the success of our company�s growth,� commented Gordon Ommen, CEO of US BioEnergy. �We are thrilled to be a member of the Ord community with a shared vision of energy independence and economic vitality.� Nebraska Governor and current Chairman of the Governor�s Ethanol Coalition, Dave Heineman, will gather with US BioEnergy CEO Gordon Ommen, Ord Mayor Randy O�Brien and other local and industry dignitaries in the ceremony to be held at 11am this morning at 48267 Val-E Road. �The reality for communities from coast to coast to benefit from ethanol is here,� Gov. Heineman said. �Ethanol production is one of the major drivers of economic in small communities across our state, and I�m very pleased to have the opportunity to see this plant up and running.� About US BioEnergy Corporation US BioEnergy Corporation is a producer and marketer of ethanol and distillers grains. The company currently owns and operates four ethanol plants and has three additional ethanol plants under construction, and intends to acquire Millennium Ethanol, LLC. Upon completion of these initiatives, the company will own and operate eight plants with combined expected nameplate ethanol production capacity of 700 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 filings the Securities and Exchange Commission, including Annual Report on Form 10-K for the year ended December 31, 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.