GreenField Ethanol Varennes plant on target after flawless start-up



    VARENNES, QC, Aug. 30 /CNW/ - GreenField Ethanol, Canada's leading
ethanol producer, today announced that its Varennes plant had a flawless
start-up and is meeting all production targets after six months of operation.
    "Since February, the Varennes plant has produced 60 million litres of
fuel grade ethanol," said GreenField President and CEO Bob Gallant. "The
introduction of this ethanol into the gasoline pool has reduced greenhouse
gasses by 90,000 tonnes; the equivalent of taking 15,000 cars off the road."
    The 120 million litre Varennes facility is the first ethanol plant in
Quebec.
    Since start-up, the plant has produced 40,000 tonnes of dried distillers
grains and 30,000 tonnes of wet or modified distillers grains destined for
animal feed markets.
    "The Varennes plant has been a boon for the local economy and the
Varennes community," said Varennes Mayor Michel Tremblay.
    Local farmers have been given a new market for their grain, with
GreenField purchasing $25 million of Quebec corn to date for the plant -
that's 150,000 tonnes. This corn was grown within 70 kilometres of the plant
and purchased through Pro-Ethanol - a group of about 500 Quebec corn farmers
who have personally invested in the Varennes facility.
    The plant has brought millions of dollars into the local community, with
70 per cent of its $109 million in construction costs spent on goods and
services provided by workers and contractors from Varennes and elsewhere in
Quebec.

    GreenField Ethanol, formerly Commercial Alcohols, is Canada's leading
ethanol producer. The company produces 250 million litres a year of corn-based
fuel ethanol at its plants in Chatham and Tiverton, Ontario and Varennes,
Quebec. Two more plants are under construction in Hensall and Johnstown,
Ontario, and will be operational in 2008. GreenField Ethanol will be one of
the top producers in North America with five operating plants, producing more
than 700 million litres of ethanol per year by 2008. GreenField's Ethanol is
available at more than 1,500 gas stations across Canada.
    For more information visit the GreenField Ethanol website at
www.greenfieldethanol.com




For further information:

For further information: Melanie Gruer, Director of Communications,
GreenField Ethanol, Cell: (416) 902-0595, Email:
m.gruer@greenfieldethanol.com

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GREENFIELD ETHANOL

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