OVERLAND PARK, Kan. -- Lansing Grain Co. LLC and Macquarie Bank Ltd. today announced the formation of Lansing Ethanol Services LLC.



The new company is a joint venture between Lansing Grain Co. and an indirect wholly owned subsidiary of MBL, Macquarie Americas Corp. LES will provide ethanol marketing services for ethanol producers, actively trade physical ethanol and will work to develop synergies between a leading commodity focused financial institution and a progressive trading company.



Lansing Grain Company's team of experienced professionals has developed a solid reputation in the trading of physical ethanol, corn and distillers' grains. This business initiative will move Lansing's rapidly growing ethanol trading activity to Lansing Ethanol Services, positioning it well for future growth.



Macquarie's Commodity Markets Division, with substantial experience and activities across a range of US agricultural commodity and energy markets, will provide strategic risk management products for ethanol producers. Combining this expertise with knowledge of the physical ethanol market and logistics capabilities of Lansing Grain Company, LES will create many appealing services for both ethanol producers and ethanol blenders.



Lansing Ethanol Services expects to begin operating March 1, 2006, with the business headquartered in Overland Park, Kan.



The Macquarie group, Sydney, Australia, is a diversified international provider of specialist investment, advisory, trading and financial services in select markets around the world.



Lansing Grain Company, a privately owned firm, was formed in 1931. The current ownership group has grown Lansing into a national trading company. The company trades whole grains, feed ingredients and energy products in U.S. domestic and export markets. Current annual revenues are approximately $1.2 billion.



SOURCE: Lansing Grain Company, LLC via PR Newswire.