15.1.2007: Meldung: Ethanex Energy, Inc.: Agreement with TrinityRail
Friday January 12, 8:30 am ET
BASEHOR, Kan.---Ethanex Energy, Inc., a renewable energy company whose mission is to become the ethanol industry"s low-cost producer, announced today that it has entered into an agreement with TrinityRail, the rail related businesses of Trinity Industries, Inc., for the supply of Ethanex"s railcar requirements and rail transportation management related services required by Ethanex"s three facilities located in Missouri, Illinois and Kansas.
Under the terms of the agreement TrinityRail will construct and lease to Ethanex 920 - 6,351 cu.ft. covered hopper DDG cars and 1,050 - 30,145 gal. tank cars for delivery beginning in the fourth quarter of 2007 and ending in the fourth quarter of 2008. TrinityRail will also provide railcar fleet management services including regulatory compliance, maintenance and repairs.
"TrinityRail was able to meet Ethanex"s plant requirements in a very tight railcar market," said Al Knapp, President and Chief Executive Officer of Ethanex. "Ethanex looks forward to a long relationship with TrinityRail as our business continues to grow."
TrinityRail is the largest volume producer of freight and tank railcars in both the United States and Mexico. Plants in the United States and Mexico manufacture a full line of railcars, including tank cars, hoppers, box cars, gondolas, intermodal cars and auto carriers as well as railcar components. Trinity owns, manages or has interest in more than 80,000 railcars in North America. Trinity is also the largest North American manufacturer of railcar axles and coupling devices. For more information about Trinity Rail, visit www.trinityrailcar.com.
About Ethanex Energy, Inc.
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 Energy is currently developing three ethanol production facilities located in the mid-west, with a combined production capacity of approximately 400 million gallons of ethanol per year. The Company expects these three plants to be operational in 2008. Ethanex Energy is concentrating its geographic focus in areas that allow access to abundant supplies of corn, alternative energy sources, transportation infrastructure and the potential for expedited permitting. Ethanex Energy"s acquisition and brownfield development strategies afford it rapid capacity development with significant operating cost advantages. The Company"s senior management has over eighty years of experience in the energy sector including the design, construction and operation of hundreds of power generation facilities. Ethanex Energy is based in Basehor, Kansas with offices in Santa Rosa, California and Charleston, South Carolina. For more information about Ethanex Energy, visit www.ethanexenergy.com.
Ethanex Energy, Inc.
Chief Operating Officer
Bryan Sherbacow, 843-724-1555
Strategic Growth International
Jennifer K. Zimmons, Ph.D., 212-838-1444
Source: Ethanex Energy, Inc.