About the Company

Green Plains Renewable Energy, Inc., (GPRE) an Iowa Corporation, was organized to construct and operate dry mill, fuel grade ethanol plants.

The Company's first Plant is being built near the town of Shenandoah, Iowa. The Shenandoah plant will have a name-plate capacity of 50-million gallons of denatured ethanol per year. Fagen, Inc., of Granite Falls, Minnesota is the design-builder for that plant. ICM, Inc. will provide all process design and engineering services for the construction of the plant. ICM is based in Colwich, Kansas, and has more than 20 years of experience in ethanol plant design, engineering, and operation. Over 40 percent of the ethanol plants currently under construction were designed by ICM. Fagen and ICM have worked on 75 percent of the ethanol plants constructed in the U.S. during the past five years. The Shenandoah plant is anticipated to commence operations sometime in mid-2007.

The Company's second plant is being built near Superior, Iowa. This is also a name-plate 50 million gallon plant. Agra Industries of Merrill, Wisconsin is the design builder of the Superior plant. Delta T will provide the process technology. The Superior plant is anticipated to commence operations sometime near the end of 2007. The Company also intends to expand the production capacity of these plants in the future and to build other plants at other sites.

GPRE's name-plate, 50-million gallon per year, dry-grind ethanol facilities will incorporate some of the latest process control systems and biotechnologies to maximize production yields and quality. Reduced plant emissions will make these state-of-the-art facilities some of the most efficient and environmentally friendly in the industry.