VeraSun Energy Announces Startup of Hartley, Iowa, Ethanol Biorefinery
14 Août 2008 - 11:00PM
PR Newswire (US)
BROOKINGS, S.D., Aug. 14 /PRNewswire-FirstCall/ -- VeraSun Energy
Corp. (NYSE:VSE), one of the nation's largest ethanol producers,
today announced the startup of its 110 million gallon per year
ethanol biorefinery located near Hartley, Iowa. The Hartley
production facility marks the 13th VeraSun biorefinery in
operation, increasing the company's annual production capacity to
more than 1.3 billion gallons. "We are pleased to bring our Hartley
ethanol biorefinery into production," VeraSun CEO Don Endres said.
"It is one of the largest and most efficient facilities in the
nation and further expands VeraSun's production platform to provide
additional scale to our business. We appreciate the support of our
team, business partners, and the community of Hartley to help make
this day a reality." Located on a 350-acre site west of Hartley,
construction on the facility began in November 2006. The
biorefinery will annually process approximately 39 million bushels
of corn and produce about 350,000 tons of distillers grains for
livestock feed, in addition to employing approximately 55 workers.
VeraSun Hartley is the fourth VeraSun facility to come on-line this
year, joining sister production facilities in Marion, S.D.,
Bloomingburg, Ohio, and Hankinson, N.D. According to the Iowa
Renewable Fuels Association, the Hartley facility is the 31st
operating ethanol biorefinery in the state of Iowa, expanding
overall production throughout the state to almost 2.5 billion
gallons annually. "At 2.5 billion gallons, Iowa is producing more
ethanol than what that state consumes in gasoline annually, thus
becoming a net exporter of transportation fuel," Endres said.
"While the national debate continues on how to solve our energy
crisis, Iowa is showing the nation how we can become less reliant
on foreign oil today." About VeraSun Energy Corporation VeraSun
Energy Corporation (NYSE:VSE), headquartered in Brookings, S.D., is
a leading producer and marketer of ethanol and distillers grains.
Founded in 2001, the company has a fleet of 16 production
facilities in eight states, of which two are still under
construction. VeraSun Energy is scheduled to have an annual
production capacity of approximately 1.64 billion gallons of
ethanol and more than five million tons of distillers grains by the
end of 2008. VeraSun also markets E85, a blend of 85 percent
ethanol and 15 percent gasoline for use in Flexible Fuel Vehicles
(FFVs), directly to fuel retailers under the brand VE85(R). For
more information, please visit VeraSun Energy's websites at
http://www.verasun.com/ or http://www.ve85.com/. Forward-Looking
Statements Statements included or incorporated by reference in this
document are forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. They are based
upon our current beliefs and expectations, are subject to risks and
uncertainties outside of our control, and actual results might
differ materially from these estimates and statements. Factors that
may cause actual results to differ include the volatility and
uncertainty of commodity prices, results of our hedging and other
risk mitigation strategies, results of our acquisitions,
operational disruptions at our facilities; our ability to implement
our expansion strategy; development of infrastructure related to
the sale and distribution of ethanol; excess production capacity in
our industry; our ability to compete effectively in our industry;
changes in or elimination of governmental laws, tariffs, trade or
other controls or enforcement practices; environmental, health and
safety laws; our reliance on key management personnel; future
technological advances; limitations and restrictions contained in
the instruments and agreements governing our indebtedness; and our
ability to raise additional capital and secure additional
financing, as more fully described in the "Risk Factors" sections
of our annual report on Form 10-K for the year ended December 31,
2007 and our quarterly report on Form 10-Q for the quarter ended
June 30, 2008. We are not under any obligation, and expressly
disclaim any obligation, to update, alter or otherwise revise any
forward-looking statement, whether written or oral, that may be
made from time to time. DATASOURCE: VeraSun Energy Corp. CONTACT:
Investors, Patty Dickerson, +1-605-696-7236, , or Media, Mike
Lockrem, +1-605-696-7527, , both of VeraSun Energy Corp. Web site:
http://www.verasun.com/ http://www.ve85.com/
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