NEW YORK -- Everton Energy, a new biofuel company headquartered in Kansas, officially launches today at the Ethanol Finance and Investment Summit with the appointment of Bert Farrish as the company's first CEO.



Farrish joins Everton from the USDA, where he served as Deputy Administrator for Commodity Operations for the Farm Service Agency. In this role, Farrish was directly responsible for the administration of the U.S. bio-diesel and ethanol bio-energy program.



Under Farrish's direction, Everton is planning the development and construction of its first ethanol production facility, a plant in Concordia, Kan., that will have a 100-million-gallon-per-year production capacity. Everton also plans to announce details regarding the location and development of a second facility in the near future.



"Our vision is to build a fully integrated energy production and marketing company, using the latest technological developments in bio-energy," said Farrish. "We are in a unique position to take a leadership stake in the rapidly growing biofuel industry, and we expect to be producing ethanol within just three years. By 2010, Everton will be one of the leading producers and suppliers in the United States."

Farrish brings more than 30 years experience in the grain industry and government to Everton. Prior to his four years of service in the Bush Administration, Farrish was President of Columbia Grain, Inc., a leading grain exporter managing a 10 percent share of total U.S. wheat exports. While at Columbia Grain, Farrish directed the conception, design and construction of the first high-capacity wheat cleaning facility in the United States.



Everton is partnering with ICM of Colwich, Kan., to design and construct its new facility in Concordia. The plant has already been slotted by ICM to begin construction in the first half of 2007. ICM is the nation's leading designer of ethanol plants, with 64 facilities in operation in the United States.



"Everton's new facility will be a win-win for both farmers and consumers," said Farrish. "The Concordia location offers Everton strong access to feed stock, energy, and distribution channels that will provide us with a low cost structure and an opportunity for rapid growth."



Everton was formed by Leon Trammell, chairman, and Steve Cloud, president, of Tramco, Inc. of Wichita, Kan. Trammell will be chairman of Everton Energy and Cloud will be vice chairman. assume



Everton is working closely with the community leaders in Concordia as it enters the final stages of planning for the company's new ethanol facility.



Everton Energy, LLC develops and acquires ethanol plants, with the goal of being a leading integrated producer and marketer of biofuels by 2010. Construction of Everton's first plant, a 100-million-gallon ethanol facility in Kansas, is set to begin in the first quarter of 2007, and ethanol production is slated to start in the first half of 2008.



SOURCE: Everton Energy via Business Wire.