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US BioEnergy Corporation Begins Commercial Production at Its Albert City and Central City Ethanol Plants and Green Plains Renewable Energy, Inc. Annou27 January 2007
Ethanol industry news provided by Financial News USA (OTC: FNWU). US BioEnergy Corporation (Nasdaq:USBE) recently announced that its Albert City and Central City ethanol plants began operations in late November and have transitioned to commercial production. With these plants in commercial production, US BioEnergy is the largest pure-play ethanol producer in the United States. US BioEnergy Corporation is a producer and marketer of ethanol and distillers grains. US Farms, Inc. (OTC BB:USFI) recently announced that the cold snaps of last week will not effect the 2007 revenue projections that the company released earlier this month. Our farming operations in the Imperial Valley did receive minor damage to our Aloe Vera production from the 100 year record lows that were recently experienced. The company's Nursery operations in North Country San Diego were not harmed in any way. Green Plains Renewable Energy, Inc. (Nasdaq:GPRE) recently announced that in order to more evenly spread the workloads throughout the Company and to take advantage of the expertise that certain members of the Board possess, the Company has made the following changes. Mr. Dan Christensen has been appointed to the position of Executive Vice President of Construction. Mr. Christensen was appointed for a twelve-month term and will be paid an annual salary of $125,000 for his service as an officer of the Company. Ethanol stocks were mixed early Wednesday, with traders concluding that President Bush's call for greater use of renewable fuels in his State of the Union Address was priced in during a rally on Tuesday. Bush said he's seeking to reduce gasoline usage in the U.S. by 20% in the next decade, reducing U.S. dependence on foreign oil. Archer Daniels Midland (NYSE:ADM), the biggest U.S. ethanol producer, rose 0.6% to $55.29, after gaining 2.6% on Tuesday. About Financial News USA Financial News USA is a Next Generation Financial Communications firm focused on the distribution of market moving news. Financial News USA has developed leading edge e-publishing tools including programming proprietary RSS feeds and enabling open source press release publishing across its network. Financial News USA has been aggressively expanding its news distribution network by targeting direct feeds to financial news and data providers such as FinancialContent, Yahoo (NASDAQ: YHOO), among others. Financial News USA offers a free news feed available online (www.financialnewsusa.com) to websites and financial services looking for content and for individual investors looking to stay informed on the financial markets. Financial News USA and its affiliates charge each client cash for news distribution and may take an equity position in the companies mentioned herein, please visit the disclaimer at www.financialnewsusa.com Contact Information: Financial News USA Tel: (626) 961-8067 Email: info@financialnewsusa.com
Source: financialnewsusa
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