Northern Ethanol in Niagara Falls, NY



    NIAGARA FALLS, NY, Sept. 3 /CNW/ - Northern Ethanol, LLC, a wholly owned
subsidiary of Northern Ethanol, Inc. (NOET:OTCBB), has announced that it has
entered into an agreement to acquire a 70 acre site from Praxair, Inc in
Niagara Falls on which it will locate its Niagara Falls, NY ethanol plant. The
property is well served by CSX Rail, St.Lawrence Seaway dockage, adjacent
interstate highway and abundant low cost water and other services.
    In May, the Niagara Falls Ethanol project was approved for 9,000
kilowatts of low-cost hydro-electric power from the New York Power Authority,
with a saving of approximately $35million over the life of the contract.

    About Northern Ethanol

    The Company is a public registrant under the Securities Exchange Act of
1934, as amended. Our objective is to become a low cost leader in the
production of ethanol and its co-products in industrial zoned areas. Our
initial goal is to construct three ethanol production facilities in Sarnia,
Barrie, Ontario and Niagara Falls, New York each producing 400 million litres
per annum. We believe that our proximity to the Central Canadian and North
Eastern US markets will provide us with significant competitive advantages
over other ethanol producers who must incur the costs of delivering ethanol
from significant distances.

    Safe Harbor Statement

    Certain of the statements set forth in this press release constitute
"forward-looking statements." Forward-looking statements include, without
limitation, any statement that may predict, forecast, indicate, or imply
future results, performance or achievements, and may contain the words
"estimate," "project," "intend," "forecast," "anticipate," "plan," "planning,"
"expect," "believe," "will likely," "should," "could," "would," "may" or words
or expressions of similar meaning. Such statements are not guarantees of
future performance and are subject to risks and uncertainties that could cause
the company's actual results and financial position to differ materially from
those included within the forward-looking statements. Forward-looking
statements involve risks and uncertainties, including those relating to the
Company's ability to grow its business. Actual results may differ materially
from the results predicted and reported results should not be considered as an
indication of future performance. The potential risks and uncertainties
include, among others, the Company's limited financial resources, domestic or
global economic conditions, especially those relating to Canada, activities of
competitors and the presence of new or additional competition, and changes in
Federal or State laws and conditions of equity markets. More information about
the potential factors that could affect the Company's business and financial
results is included in the Company's filings, available via the United States
Securities and Exchange Commission.





For further information:

For further information: Northern Ethanol Inc., Natalie Horrell,
Director of Corporate Relations, Tel: (416) 366-5511, Fax: (416) 214-1472,
www.northern-ethanol.com

Organization Profile

NORTHERN ETHANOL, INC.

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