Monday, January 19, 2009

Get your bid card, VeraSun Auction in March

Thanks to Lightbeam on i-hub for this one . .

VeraSun to Auction Off Seven Fuel-Ethanol Plants Representing 640 Million Gallons of Annual Capacity, an Industrial Info News Alert

SUGAR LAND, TX, Jan 19, 2009 (MARKET WIRE via COMTEX) -- VSUNQ -- Researched by Industrial Info Resources (Sugar Land, Texas) -- VeraSun Energy Corporation (NYSE:VSE) (Brookings, South Dakota), the nation's second largest ethanol producer, will auction off seven fuel-ethanol plants representing 640 million gallons of annual company that the company acquired when it merged with U.S. BioEnergy. According to court filings, the auction will take place between March 16 and March 31.

http://www.industrialinfo.com/showAbstract.jsp?newsitemID=142998
http://www.tradingmarkets.com/.site/news/Stock%20News/2132570/

The VeraSun plants were not a customer since they had their own plan to extract oil from their DDGs. Now that these ethanol plants are up for bids, I suspect they will be back in the market for a corn oil extraction provider. It would be great to have an organization that we already have a relationship with - like Global Ethanol - pickup some of these plants and add them to the GERS backlog. Any case, lets have that GERS Sales Staff ready to go!

SkunK

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