BioFuel Energy Announces Workforce Reduction At Minnesota Plant

       BioFuel Energy Announces Workforce Reduction At Minnesota Plant

PR Newswire

DENVER, Feb. 20, 2013

DENVER, Feb. 20, 2013 /PRNewswire/ --BIOFUEL ENERGY CORP. (NASDAQ: BIOF), an
ethanol production company, announced today that it has reduced staffing at
its Fairmont, Minnesota ethanol facility, resulting in the elimination of
approximately forty full-time positions. The plant ceased ethanol production
in September of 2012, and will continue to operate its adjacent grain storage
facility with its remaining employees. The Company now expects the Fairmont
plant to remain idle until this year's harvest season. The Company reported
that its second plant in Wood River, Nebraska continues normal operations with
full staffing.

This release contains certain forward-looking statements within the meaning of
the Federal securities laws. Such statements are based on management's current
expectations, estimates and projections, which are subject to a wide range of
uncertainties and business risks. Forward-looking statements should not be
read as a guarantee of future performance or results, and will not necessarily
be accurate indications of whether, or the times by which, our performance or
results may be achieved. Factors that could cause actual results to differ
from those anticipated are discussed in our Exchange Act filings and our
Annual Report on Form 10-K.

BioFuel Energy currently has two 110 million gallons per year ethanol plants
in the Midwestern corn belt.

Contact:  BioFuel Energy Corp.  For More Information:
               Dept. of Human Resources www.bfenergy.com
               (303) 640-6500

SOURCE BioFuel Energy Corp.

Website: http://www.bfenergy.com
 
Press spacebar to pause and continue. Press esc to stop.