PEKIN, Ill., July 26 /PRNewswire-FirstCall/ -- Aventine Renewable
Energy Holdings, Inc. (NYSE: AVR), a leading producer, marketer and end to
end supplier of ethanol, today announced that it will be the exclusive
marketer for Xethanol Corporation's (Amex: XNL) newly announced expansion
of its Blairstown, Iowa ethanol facility.
Xethanol, an existing Aventine marketing alliance partner, recently
announced an expansion of its Blairstown facility from 6 million gallons
per year to 41 million gallons per year. Aventine currently markets for
Xethanol all existing ethanol production from the Blairstown facility, and
will now market all 41 million gallons when the facility expansion in
completed in the second half of 2007. Xethanol and Aventine's relationship
extends back to 2005.
Ron Miller, Aventine's President and Chief Executive Officer said, "We
are pleased that our existing partnership with Xethanol is expanding. Each
of our companies has a history of being successful in providing alternative
energy solutions to help America reduce its addiction to oil, and we look
forward to continuing to expand this relationship." Miller continued, "The
addition of these new gallons from Xethanol will help us in furthering our
goal of being the premier end to end supplier of ethanol in the country."
About Aventine
Aventine is a leading producer, marketer and end to end distributor of
ethanol in the United States. Aventine produces, markets and distributes
ethanol to leading energy companies. In addition to ethanol, it is also a
producer of corn gluten feed, corn germ and brewers' yeast.
Internet address is http://www.aventinerei.com .
About Xethanol Corporation
Xethanol Corporation's goal is to be the leader in the emerging
biomass-to-ethanol industry. Xethanol's mission is to optimize the use of
biomass in the renewable energy field and convert biomass that is currently
being abandoned or land filled into ethanol and other valuable co-products,
especially xylitol. Xethanol's strategy is to deploy proprietary
biotechnologies that will extract and ferment the sugars trapped in these
biomass waste concentrations. Xethanol's strategic value proposition is to
produce ethanol and valuable co-products cost effectively with ethanol
plants located closer to biomass sources. Xethanol's biotechnologies are
currently deployed in its two ethanol production facilities in Iowa.
For more information about Xethanol, please visit its website at
http://www.xethanol.com . To receive information on Xethanol in the future,
please click on the following link:
http://www.xethanol.com/alerts.htm?b=1387&l=1 .
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