Green Plains Renewable Energy: Name changed to Green Plains Inc.

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OMAHA, Nebraska - Green Plains Renewable Energy, Inc. (Nasdaq:GPRE) announced that it has changed its name to Green Plains Inc. to reflect the continued diversification of the Company's operations. The name change was approved by the Company's shareholders at its annual meeting on May 14, 2014.

"Over the last six years, we have built a diversified platform that provides a variety of products and services beyond renewable fuel," said Todd Becker, Green Plains President and CEO. "Green Plains Inc. more accurately reflects who we are today and our broader focus for future growth."

Green Plains' common stock will continue to trade under the ticker symbol "GPRE" and there will be no change to any of the Company's subsidiary names. The change to Green Plains Inc. is effective immediately.

About Green Plains

Green Plains Inc. (Nasdaq:GPRE) is a diversified commodity-processing business with operations related to ethanol production, corn oil production, grain handling and storage, and commodity marketing and distribution services. The Company processes over ten million tons of corn annually, producing over one billion gallons of ethanol, three million tons of livestock feed and 250 million pounds of industrial grade corn oil at full capacity. Green Plains also is a partner in a joint venture to commercialize advanced technologies for growing and harvesting algal biomass.

CONTACT: Jim Stark, Vice President - Investor and Media Relations,
         Green Plains (402) 884-8700
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