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US BioEnergy Acquires Options on Land for Ethanol Plant

Posted on: Friday, 24 November 2006, 18:01 CST

INVER GROVE HEIGHTS, Minn., Nov. 24 /PRNewswire/ -- US BioEnergy Corporation announced that it has acquired options to purchase land near Altamont, Ill. US BioEnergy is evaluating numerous site location criteria to determine whether the proposed site is suitable for the construction and operation of a 100 million gallon per year (mgy) ethanol plant. US BioEnergy's site location criteria include access to an abundant supply of corn, access to multiple modes of transportation for corn, ethanol and distillers grains, availability of a sufficient amount of water that is of suitable quality, availability of natural gas and other necessary utilities and infrastructure, and access to a qualified labor force.

The proposed plant near Altamont would be a 100 mgy natural gas fired, dry-grind ethanol facility. A plant of this size typically consumes approximately 36 million bushels of corn and produces 320,000 tons of dried distillers grains annually. Once operational, a facility of this size would likely employ more than 40 people.

US BioEnergy Corporation is a producer and marketer of ethanol and distillers grains. The company currently operates two ethanol plants and has four additional ethanol plants under construction. Upon completion of these initiatives, the company will own and operate six plants with combined expected ethanol production capacity of 500 million gallons per year.

US BioEnergy Corporation

CONTACT: Kristi Lee, of US BioEnergy Corporation, +1-605-696-3150,klee@usbioenergy.net

Source: PRNewswire

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