Green Plains Renewable Energy, Inc., Moving Forward with Plans for Second 50 million Gallon Ethanol Plant Following Recent Funding and Grants

Green Plains Renewable Energy, Inc., Moving Forward with Plans for Second 50 million Gallon Ethanol Plant Following Recent Funding and Grants
RenewableEnergyStocks.com Announces New Featured “Green” Company and its Expansion Plans for Producing Environmentally Beneficial Alternative Fuel

POINT ROBERTS, WA and DELTA, BC - August 24, 2006 - Green technology investor portals www.RenewableEnergyStocks.com and www.EnvironmentStocks.com announce the addition of a new featured ethanol company, Green Plains Renewable Energy, Inc., (NASDAQ: GPRE). The Company is currently building a 50 million gallon nameplate ethanol facility in Shenandoah, Iowa, expected to be operational in mid 2007. Following the recent $47 million secondary offering, the Company is moving forward with a second 50-million gallon facility to be built near Superior, Iowa, with start up expected late 2007. With the completion of both plants, Green Plains will have approximately 110-million gallons of ethanol production capacity (assuming production of 10% over nameplate capacity) by the end of 2007.

Green Plains Renewable Energy also recently announced that the Iowa Department of Economic Development awarded tax incentives and $400,000 in grants and zero interest loans to assist in the development of the second ethanol plant to be built near Superior, Iowa.

According to http://www.ethanol.org/ , “This year, the U.S. ethanol industry will grow to provide more than 5 billion gallons of clean burning, renewable fuel.” Industry growth has been sparked in part by federal and state policies promoting cleaner air and federal and state tax and production incentives. Green Plains has aggressive plans to expand the production capacity at both plants and also intends to build additional plants at other locations as they work to help meet the rising demands for alternative fuels.

GPRE’s President and CEO Barry Ellsworth believes that the high price of oil and increased demand for petroleum on a world-wide basis will continue to drive the demand for ethanol in the future. He has also stated that he believes there is tremendous value in the shares of GPRE when compared to the valuations being given to other companies in the ethanol space. “With only about 6 million shares currently issued and outstanding, once the Company’s first two plants are completed and operational, each share of GPRE’s common stock will represent approximately 18.3 gallons of 2008 projected ethanol production, which the Company believes reflects significant comparative value,” explains Mr. Ellsworth.

The Company’s dry-grind ethanol facilities will incorporate the latest process control systems and biotechnology to maximize production yields and quality. The facility is designed to result in reduced plant emissions using efficient and environmentally friendly technology.

Green Plains Renewable Energy, Inc. (NASDAQ: GPRE) For More Info: http://www.renewableenergystocks.com/CO/GPRE/

Insiders Corner -GPRE: May 4, 2006 (Prior to GPRE becoming Featured Company)
A Natural Hedge against the High Cost of Filling Your Tank
/insiderscorner/Articles/Filling_Your_Tank.asp

For More Info on Ethanol: http://www.ethanol.org/

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