OHIO ETHANOL PLANT

Groundbreacking ceremony took place January 20th

The $100 million planned ethanol plant near Bloomingburg, Ohio in Fayette County will soon become a reality at the property adjacent to the Cargill AgHorizons grain elevator in Bloomingburg, Ohio.

ASAlliances Biofuels, LLC expects construction to take 18 months and plans for operations to begin in mid to late 2007. The construction of this major ethanol production facility represents a local investment of well over $100 million. Another $15 million will be invested for start-up and working capital purposes. The Company is awaiting approval on several economic incentive programs from the Ohio Department of Development. The facility will create 58 new jobs and will bring additional suppliers to the area who have the potential to expand opportunities for job and revenue growth. Area corn producers will realize another market for their crops as 40 million bushels of corn a year will be used in the new facility. Local units of government and the State of Ohio will benefit from an increase in property and income taxes.

The Bloomingburg facility will help meet our country's growing need for affordable, cleaner-burning, renewable alternative energy sources. It will produce more than 100 million gallons of ethanol per year and approximately 315,000 tons per year of dried distillers grain for livestock feed. Domestic demand for ethanol is expected to grow well into the future and all vehicles can currently use a blend of 10 percent ethanol in gasoline.