Large Ethanol Plant Slated for North Dakota

US BioEnergy intends to construct a 100 million gallon per year (mgy) ethanol plant near Hankinson, North Dakota, contingent on zoning, permitting and tax incentives. It will consume approximately 37 million bushels of corn and will produce 320,000 tons of distillers grain annually. Gold Energy has partnered with US BioEnergy on the plant.

“By partnering with US BioEnergy, we are joining a team of ethanol experts that can get our plant out of the ground quickly,” said Terry Goerger, Gold Energy Member. “Once we’re operational, there will be a local board with representatives from this area offering leadership to this plant. We like that about this Company; they have Midwest roots just as we do.” “A plant like this will bring millions of dollars into this community as well as high paying jobs,” said Gordon Ommen, CEO of US BioEnergy. “That’s what is great about this industry; it’s revitalizing the Midwest by offering opportunities for our young people to stay close to home, it’s bringing money into our small towns and it’s benefiting our farmers by increasing the demand for their corn.” US BioEnergy currently has several other projects under way: US Bio Albert City, Iowa, a 110-mgy plant that will be online in October of 2006; US Bio Woodbury, Michigan, a 50-mgy plant that will be up and running in September of 2006; US Bio Janesville, Minnesota, a 110-mgy plant in the permitting stage with construction slated to begin fall of 2006.

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