Governor Chet Culver is among those involved as US Bio Energy celebrates the grand opening of the company's new ethanol production facility in Albert City.
Production began in November. US BioEnergy is the nation's largest pure-play producer of ethanol, a renewable fuel alternative.
To celebrate and mark US BioEnergy's recent initial public offering on the NASDAQ stock market, the company will be hosting a grand opening for the community and its employees. The event will include a remote Closing Bell Ceremony of the NASDAQ, held live at the Albert City facility, with live satellite downlink and webcast.
"The U.S. must look to a long-term solution to lessen its dependence on foreign oil and decrease gasoline's negative impact on the environment. Ethanol is a home-grown solution that is better for the environment, while creating jobs within the US," US Bio officials said. "All cars that run on gasoline can safely use gas blended with 10% ethanol. Over the coming years, automotive manufacturers are expected to continue increasing the number of flex-fuel vehicles that will run on 85% ethanol. It's clean, it's safe and it's the future.
"The opening of the Albert City facility is another important step in helping the country reach into a new era of energy, economic and environmental vitality through innovative, efficient ethanol production, marketing and relationships. In partnership with its local communities, US BioEnergy is working to unleash the Power of The American Farmer to create value and opportunity on a national scale," the company's campaign promises.
Participants in the event or satellite downlink include:
· Gordon Ommen, CEO and Chairman of US BioEnergy
· Chet Culver, Governor of Iowa
· Bob Dinnen, President & CEO of the Renewable Fuels Association
· Ron Fagen, President and CEO of Fagen, Inc.
· Keith Moe, Albert City Council Member
· Robert White, EPIC
· Brian Thome, President of US BioEnergy
· Bruce Aust, Executive Vice President, NASDAQ
The event will be held February 7, with the grand opening ceremonies from 1:45-2:30, the NASDAQ Closing Bell ceremony from 2:45-3:15, and plant tours from noon-1:30 and 3:15-5:30.