Demeter Enterprises Building Ethanol Plants

NEW YORK - Jul 1/05 - SNS -- Demeter Enterprises, LLC is seeking local approval to build three large-scale ethanol production facilities in Linden, Ind., Albion, Neb., and Bloomingburg, Ohio.

If approved, each will produce 100 million gallons of ethanol and 315,000 tons of dry distillers grain (DDG) annually.

The facilities, which will cost approximately $125 million each to construct, will source corn from Cargill AgHorizons' grain elevators adjacent to the plant sites.

Nearly 60 new full-time jobs will be created at each locale. Construction is expected to begin later this summer, with the plants fully operational by the end of 2006 or early in 2007.

Demeter Enterprises is an operating company that will be owned by AS Alliances Holdings, LLC, Cargill, Incorporated, Fagen, Inc., and private equity partners. AS Alliances will provide project development, finance, capital markets, executive management and corporate development expertise. Fagen will provide design, engineering and construction expertise. Cargill will provide corn origination, energy and corn risk-management services, transportation logistics expertise, and the marketing of the ethanol and DDG products.