CHS and US BioEnergy Form JV for Renewable Fuels Marketing

St. Paul, Minnesota [] CHS Inc., an energy and grain-based foods company, and US BioEnergy Corporation, an ethanol production and management company, entered into joint ownership of an ethanol and biodiesel marketing company. The joint venture (JV) includes current CHS wholesale ethanol and biodiesel marketing, “spot” sales and related storage and rail car transportation arrangements. It combines with US BioEnergy’s current ethanol marketing contracts of more than 200 million gallons annually through United Bio Energy Fuels, LLC, wholesale storage and rail transportation contracts and the marketing of ethanol and biodiesel from all current and future US BioEnergy plants for a limited term.
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