BASEHOR, Kan. -- Ethanex Energy Inc. says its Ethanex at Southern Illinois ethanol facility is to be constructed in Waltonville, Ill.

This is the company's third planned facility in the Midwest, along with Ethanex at SEMO and Ethanex at Northeast Kansas. Construction on this 132-million-gallon-per-year ethanol plant is scheduled to begin during the second quarter of 2007 and to be completed by the third quarter of 2008. The plant will also yield an annual amount of 190,000 tons of high protein distillers grain for animal feed, along with 25,000 tons of corn oil.

This plant will incorporate the Company's proprietary fractionation technology making it one of the largest and most efficient ethanol plants in the country. The 169-acre site would also have access to both the Union-Pacific Railroad and the Burlington Northern Santa Fe Railroad.

"Ethanex is pleased to announce that we have selected Waltonville, Ill., as a site for the construction of one of the most advanced, operationally efficient ethanol plants in the country" said Al Knapp, President and CEO of Ethanex. "We look forward to becoming a member of the community of southern Illinois."

During construction, the project will require the work of more than 400 skilled and non-skilled craftsmen and will employ approximately 55 people to operate the facility upon completion.

Ethanex Energy will host a public open house from 5 p.m. to 7 p.m. March 1 at the Waltonville High School to discuss its plans for the plant with the community.

Ethanex Energy Inc. is a renewable energy company whose mission is to become the ethanol industry's low-cost producer. The company expects to achieve this industry position through the application of next-generation feedstock technologies and use of alternative energy sources. Ethanex is currently developing three 132-million gallon ethanol facilities incorporating the company's proprietary corn fractionation technology. Ethanex Energy is based in Basehor, Kan., with offices in Santa Rosa, Calif., and Charleston, S.C.

SOURCE: Ethanex Energy, Inc. via Business Wire.