Aventine to Market Ethanol for Grain Processors LLC of Obion, TN
Date Posted: February 16, 2007
Pekin, IL -- Aventine Renewable Energy Holdings, Inc. (NYSE:AVR), a leading producer, marketer and end-to-end supplier of ethanol, Feb. 16 announced that Ethanol Grain Processors, LLC’s (“EGP”) Obion, TN facility will join its marketing alliance network.
Aventine will market all of the ethanol for the EGP facility when production begins.
Completion of the facility is expected in late summer/early fall of 2008. EGP’s new Obion plant will produce 100 million nameplate gallons of ethanol annually, and is being built on a 230 acre site near Obion, TN.
EGP’s largest investor, VBV, LLC, is an entity majority-owned jointly by an affiliate of Sir Richard Branson’s Virgin Group and by Bioverda International Holdings Limited.
Ron Miller, Aventine’s President and Chief Executive Officer said, “The addition of this new marketing alliance partner is important in our overall growth plan. Ethanol Grain Processor’s new facility will be an important partner in supplying the southeastern part of the U.S. with ethanol.”
For more information, call Les Nelson at 309-347-9709.
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