US BioEnergy Edges Toward 250 MGY

Brookings, South Dakota [] US BioEnergy entered into a letter of intent with the majority owner to acquire Platte Valley Fuel Ethanol, which is currently expanding to double its level of production by the end of this year. US BioEnergy has two other plants under construction: US Bio Albert City, a 110 million gallon per year (mgy) plant in Iowa scheduled to be online in November 2006 and US Bio Woodbury, a 45 mgy plant in Michigan, scheduled to begin production in October of 2006. US Bio Janesville, a 110-mgy plant located in Minnesota is in the permitting phase and will begin construction sometime this summer. With Platte Valley, this would bring US BioEnergy production to approximately 250 mgy by the end of 2006.
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