Another Potential Customer? This is ADVANCED BioFuel Energy LLC - Not "Biofuel Energy Corp" - the focus of recent blogs:
"We are also improving the rail facilities at the Huron plant location, and adding corn oil extraction technology to our Fairmont facility which is expected to be operational before September 30, 2011."
SEE HERE
SkunK
Besides the closeness of name - Advanced BioFuel Energy LLC and BioFuel Energy Corp, they also both have a "Fairmont facility". Advanced's is in Nebraska and BioFuel Energy's is in Minnesota. Don't believe in coincidences? Believe.
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Up and running! Record yield!
BioFuel Energy Corp. intends to operate as an ethanol producer in the Midwestern United States. It plans to construct and develop 5 ethanol plants, each of which would produce 115 Mmgy of fuel grade ethanol. Ethanol is a clean-burning, high-octane fuel and is used primarily as a gasoline additive to increase octane rating and to comply with air emissions regulations by reducing emissions of carbon monoxide and nitrogen oxide. The company was founded in 2005 and is headquartered in Denver, Colorado.
Cargill was founded in 1865 and is headquartered in Minnesota. With 149,000 employees in 63 countries, Cargill is an international provider of food, agricultural and risk management products and services.
BioFuel Energy and Cargill have entered into agreements whereby Biofuel will leverage Cargill's expertise in providing corn sourcing and storage, ethanol distribution, distillers grains marketing and risk management services for the Company.
So just as GreenShift's prior deals with Global Ethanol led to a deal with Green Plains (GPRE)due to their buy out of Global, are you suggesting that our pending deal with BioFuel Energy may end up leading to a deal with Cargill due to their tight relationship??
Nice
BioFuel Energy enjoys a strong commercial relationship with Cargill Inc., one of the world’s leading agricultural corporations. Cargill is a service provider, specifically in corn procurement, risk management and product sales. This mutually beneficial relationship allows both companies to focus solely on their core competencies. Since the companies’ inception in 2005, BioFuel Energy has been dedicated to finding the most environmentally friendly, economically efficient, and innovative technologies available in ethanol production.
BioFuel Energy is backed by a prominent group of institutional investors and independent stockholders and is a publicly traded company (NASDAQ:BIOF)
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