Iowa Gains Momentum as Renewable Fuels Leader
Newton biodiesel plant creates 30 jobs and adds 30 million gallons of annual production capacity
(Newton, Iowa, May 8, 2007) - This afternoon, Iowa solidifies its
position as a national leader in renewable fuels. Renewable Energy
Group, Inc. (REG) and Central Iowa Energy, LLC (CIE) are providing
state and local officials with an early look at the new CIE
biodiesel facility in Newton today. The CIE Newton plant, which
opened last month, adds 30 new jobs to the central Iowa economy, and
more than 30 million additional gallons of soy-based biodiesel
production annually.
"As a national leader in renewable fuel production and marketing, we
are very proud of this plant and the expansion that has been made
here in central Iowa," said Nile Ramsbottom, president, Renewable
Energy Group. "We believe in the talent and vision of Iowans to
shape this industry, and the CIE plant is a testament to that
commitment."
The CIE plant in Newton is Iowa-owned, and will increase the
biodiesel supply within the state to more than 197 million gallons
annually, keeping Iowa at the national forefront of the renewable
fuels industry.
"This is a proud day for our company, as well as the people of
Newton," added Jim Johnston, chairman of the board, Central Iowa
Energy. "We have worked hard the past two years to make the dream of
this facility a reality, and we know this is only the beginning. The
future is very bright for renewable fuels and for everyone whose
lives will be touched by this tremendous facility."
Among the officials speaking at today's private reception include
Iowa Deputy Secretary of Agriculture, Karey Claghorn, the mayor of
Newton, Charles Allen, and the Chairman of the Jasper County Board
of Supervisors, Max Worthington. Media are welcome, but the event is
not open to the general public.
Two more REG-built and managed plants are slated to open in late
summer or early fall, in the Iowa communities of Washington and
Farley. With the CIE Newton plant, and these two new planned
facilities, REG's network will expand to more than 212 million
gallons of biodiesel capacity nationally by year-end.
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About Renewable Energy Group, Inc.
Renewable Energy Group, Inc. is the biodiesel industry leader of
B100 sales and is the only full-service biodiesel company offering
plant management, risk management, raw material procurement, plant
construction, biodiesel production and biodiesel sales and marketing
services. Renewable Energy Group, Inc. markets SoyPOWER® biodiesel
to customers in many industries including on-highway fleets,
original equipment manufacturers, maritime, military, home heating
and agriculture industries.
Central Iowa Energy, LLC
3426 East 28th St N
Newton, IA 50208
Phone: 641-791-1010
cie@iowatelecom.net
This communication shall not constitute an offer to sell, or the
solicitation of an offer to buy, these securities. This offering is
open only to residents of Iowa. An offer is made by the prospectus
only, a copy of which may be obtained from Central Iowa Energy, LLC.