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World Biofuels
Symposium
November 13-15, 2005
Beijing, China
2nd Annual Canadian Renewable Fuels Summit
December 13-15, 2005
Toronto, Ontario, Canada
Hosted by:
Candadian Renewable Fuels
Association
National Biodiesel
Conference & Expo 2006
February 5-8, 2006
San Diego, California
Organizer:
National Biodiesel Board
11th Annual
National Ethanol Conference: "Policy & Marketing"
February 20-22, 2006
Las Vegas, Nevada, USA
Sponsored by:
Renewable Fuels Association
22nd
Annual International Fuel Ethanol Workshop & Expo
June 20-23, 2006
Milwaukee, Wisconsin, USA
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Posted on
June 4, 2001High Plains Announces Expiration of Agreement to Sell New Mexico Facility High Plains Corporation has announced that it will retain ownership of its Portales, New Mexico facility as the agreement to sell the plant to Natural Chem Industries, LLC of Houston, Texas has expired.
After several extensions, High Plains said that the buyer was unable to complete the requirements to close the agreement by the designated expiration date of May 31, 2001.
``We look forward to continuing to own and operate the plant,'' said Gary Smith, president and CEO of High Plains, ``and are pleased to retain the 14 million gallons per year that it produces during this period of high interest in alternative fuels. The current economics in the ethanol industry, with product prices near historic highs and continued favorable pricing for our raw materials, have helped Portales to contribute positively to our overall results during this past fiscal year. With profit margins expected to continue favorable for all of our facilities, Portales should add importantly to our profitability for the foreseeable future.''
Based in Wichita, Kansas, High Plains Corporation is among the nation's largest producers of ethanol. The company operates facilities in Colwich, Kansas, York, Nebraska, and Portales, New Mexico.
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including without limitation risks of fluctuations in feedstock commodity prices, changes in the market prices or demand for motor fuels and Ethanol, legislative changes regarding air quality, fuel specifications or incentive programs, as well as general market conditions, competition and pricing. The Company believes that forward- looking statements made by it are based upon reasonable expectations. However, no assurances can be given that actual results will not differ materially from those contained in such forward-looking statements. Additional information concerning these and other factors is contained in the Company's Securities and Exchange Commission filings, including its annual 10-K, Proxy Statement and quarterly 10-Q filings, copies of which are available from the Company without charge.
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