Green Plains BlendStar Ethanol Terminal Unloads First Unit Train
OMAHA, Neb., Dec. 19, 2012 (GLOBE NEWSWIRE) -- Green Plains Renewable Energy,
Inc. (Nasdaq:GPRE) announced today that BlendStar LLC, its wholly-owned
subsidiary, has completed construction and has begun operations at its 96-car
unit train terminal in Birmingham, Ala. The new terminal is served by the BNSF
Railway and has a throughput capacity of 300 million gallons of ethanol
"We are pleased to announce the start-up of operations at the Birmingham
terminal, which will provide more efficient distribution of ethanol to
underserved markets in the southeastern U.S.," said Todd Becker, President and
Chief Executive Officer of Green Plains. "We have unloaded the first unit
train of ethanol and expect the terminal to be at full capacity in January
2013. This facility expands our geographic footprint consistent with our
strategy to expand our downstream distribution capabilities."
The Birmingham terminal currently has 160,000 barrels of storage and a
four-lane covered truck rack, both with expansion capabilities.
About Green Plains Renewable Energy, Inc.
Green Plains Renewable Energy, Inc. (Nasdaq:GPRE) is North America's fourth
largest ethanol producer, which markets and distributes approximately one
billion gallons of renewable motor fuel annually. Green Plains owns and
operates grain storage assets in the corn belt and biofuel terminals in the
southern U.S. Green Plains is a joint venture partner in BioProcess Algae LLC,
which was formed to commercialize advanced photo-bioreactor technologies for
growing and harvesting algal biomass.
This news release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995, as amended. Such
statements are identified by the use of words such as "anticipates,"
"believes," "estimates," "expects," "goal," "intends," "plans," "potential,"
"predicts," "should," "will," and other words and terms of similar meaning in
connection with any discussion of future operating or financial performance.
Such statements are based on management's current expectations and are subject
to various factors, risks and uncertainties that may cause actual results,
outcome of events, timing and performance to differ materially from those
expressed or implied by such forward-looking statements. Green Plains may
experience significant fluctuations in future operating results due to a
number of economic conditions, including, but not limited to, competition in
the ethanol and other industries in which the Company operates, commodity
market risks including those that may result from current weather conditions,
financial market risks, counter-party risks, risks associated with changes to
federal policy or regulation, risks related to closing and achieving
anticipated results from acquisitions, risks associated with the joint venture
to commercialize algae production and the growth potential of the algal
biomass industry, and other risks detailed in the Company's reports filed with
the Securities and Exchange Commission, including its Annual Report on Form
10-K for the year ended December 31, 2011, and in the Company's subsequent
filings with the SEC. In addition, the Company is not obligated, and does not
intend, to update any of its forward-looking statements at any time unless an
update is required by applicable securities laws.
CONTACT: Jim Stark, Vice President - Investor and Media Relations
Green Plains Renewable Energy, Inc.
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