VeraSun Energy to relocate to Sioux Falls following US BioEnergy merger; says stock price will recover

In South Dakota, VeraSun Energy announced that it will relocate its corporate headquarters to Sioux Falls after its merger with Twin Cities-based US BioEnergy is complete. Vera Sun CEO Don Endres did not comment, in a press conference to announce the move, about the falling price of VeraSun stock, but acknowledged the narrowing spreads between corn and ethanol prices. He reaffirmed the company’s belief that the stock values would recover.

The Biofuels Digest Gold Medal for Highest Achievement in Biofuels in 2007 was awarded last month to Don Endres, who bested  the Presidents of the United States and Brazil, AL gore and other industry luminaries such as Jeff Broin, Al Gore and Elliott Mannis. At the time, Jim Lane, editor of Biofuels Digest, said:

“The editorial board recognized the outstanding work of Don Endres, who led the industry throughout the year in pushing for adoption of E85, warning about financing difficulties, closing down planned expansions when margins were tight, and pushing through a major merger with US BioEnergy. He was rewarded by the market with the strongest performance of any Biofuels Digest Indexâ„¢ pure play stock, and we tip our hat to a daring “playmaker” who got the job done.”

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