Press Release Summary = Renewable Energy Stocks and Technology Gain Momentum from Branson's and Clinton's Recently Announced Investment in Sector
Press Release Body = RenewableEnergyStocks.com - Audio Interview with President of Green Plains Renewable Energy on Shareholder Value and the Growing Demand for Ethanol Renewable Energy Stocks and Technology Gain Momentum from Branson's and Clinton's Recently Announced Investment in Sector POINT ROBERTS, WA and DELTA, BC - Sept 25, 2006 - www.RenewableEnergyStocks.com (RES), a leading investor and industry portal for the renewable energy sector presents an online audio interview with Barry Ellsworth, President of Green Plains Renewable Energy (NASDAQ: GPRE). This discussion takes a look at the Company's perspective on its competitive advantage, the driving factors behind the growing demand for ethanol and the opportunity it represents for Green Plains and its investors.
In response to the growth in demand, the number of ethanol production facilities has almost doubled since 1999 and production capacity has grown from 1.7 billion to approximately 4.9 billion gallons per year presently. As a result, differentiating factors among producers such as funding and value in the market have become key. According to Barry Ellsworth, President of Green Plains Renewable Energy, "The real value in our company is that we only have 6 million shares, therefore when we have both plants up and running this will represent around 18.5 gallons of ethanol per share. If people were to go and do comparative values, looking at the beginning of 2008 to determine how many gallons of ethanol they would be buying per share if they were to buy these other ethanol companies, then I think they will find it to be significantly fewer gallons than with Green Plains."
Green Plains currently has two ethanol production facilities under construction in the State of Iowa. The first is being built in Shenandoah and is expected to commence production in mid-2007. The second plant is being built in Superior and is expected to commence production in the later part of 2007. The expected total ethanol production level from both plants for the full year beginning in 2008 is estimated at 110 million gallons.
The dramatic growth in the ethanol market has been sparked in large part by the President's focus on reducing our dependence on foreign oil and on the need for clean energy technology. In addition despite the recent pullback, the long term view for oil is that it will push higher, prompting greater attention to alternative fuel sources.
As Barry Ellsworth explains, "With the situation in the world today with the war on terrorism and the problems in the Middle East, a lot of Americans are tired of sending money to countries that fund terrorism, and that base terrorist organizations. I believe that people are beginning to ask 'why am I not putting my money into the pockets of American farmers and building our local and national economies'. The high price of oil is also a factor and I believe long term the trend for the price of a barrel of oil is going higher."
Another key factor placing an upward pressure on fuel prices and the overall need for alternatives is the significant economic developments of China and India. "When I look at China and India, which represents two-thirds of the world's population, and see that they are falling in love with motorized vehicles more each day, combined with their economies growing at more than 10% annually for several years now, I don't see the demand for oil going away and we will never find enough to replace what we are using. So long term the price of oil will tend to go up, therefore the price of gasoline, and in my view ethanol is gasoline made out of corn," states Ellsworth.
To Listen to the Full Interview Click Here: http://www.renewableenergystocks.com/Audio/GPRE/092106/
Green Plains Renewable Energy, Inc. (NASDAQ: GPRE) For More Info: http://www.renewableenergystocks.com/CO/GPRE/
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Source: RenewableEnergyStocks.comT, Green Plains Renewable Energy, Inc.
Web Site = http://www.renewableEnergyStocks.com
Contact Details = Dawn Van Zant 800.665.0411 Ann-Marie Fleming 866.725.2554 Email: dvanzant@investorideas.com, or afleming@investorideas.com