Caragea Corneliu

BioFuel Energy

BioFuel Energy is a publicly traded company (NASDAQ: BIOF) whose goal is to become one of the leading ethanol producers in the United States. Headquartered in Denver, Colorado, the company is currently starting up large-scale ethanol production facilities in Fairmont, Minnesota and Wood River, Nebraska. These initial plants are expected to produce 230 mgy of fuel grade ethanol and 720,000 tons of dried distillers grains annually. BioFuel Energy enjoys a strong commercial relationship with Cargill, Inc., one of the world's leading agricultural concerns. Cargill will play a key role in many of the core operational aspects of the business, including corn procurement, ethanol distribution and by-product sales. BioFuel Energy is managed by a seasoned group of executives with a deep experience in the energy field. It is backed by a prominent group of institutional investors.