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10/17/2011

Green Plains and BioProcess Algae Complete First Round of Animal Feed Trials

OMAHA, Neb., Oct. 17, 2011 (GLOBE NEWSWIRE) -- Green Plains Renewable Energy, Inc. (Nasdaq:GPRE) and BioProcess Algae, LLC announced today the successful completion of the first round of algae-based poultry feed trials. The algae strains produced for the feed trials demonstrated high energy and protein content that was readily available, similar to other high value feed products used in the feeding of poultry today. The algae strains used in the feed trials were grown in BioProcess Algae's Grower HarvesterTM reactors co-located with Green Plains' ethanol plant in Shenandoah, Iowa. The test was conducted in conjunction with the University of Illinois led by Dr. Carl M. Parsons, a leading expert in the field of poultry sciences. "This was the first time we tested algae as a poultry feed-product and many of the qualities found were similar to high protein soymeal, but with higher energy content," said Dr. Parsons. "Based on these first-round tests, we will continue the development of this and other high-quality animal feed products from our algae. We will proceed with further testing for poultry and begin evaluating a replacement product for fishmeal," said Tim Burns, Chief Executive Officer of BioProcess Algae. "We can now look into the opportunity to use algae as a 'carrier' for higher value products going into poultry feed such as Omega-3s." "We believe this may be one of the first times that carbon dioxide absorbed from an industrial source was used to grow and harvest algae that performed well in feed trials," added Burns. "With our Grower Harvester reactors at commercial scale, we will continue to focus on driving our cost of production down with a larger build-out of reactors at the Green Plains Shenandoah ethanol plant over the next several months in order to profitably supply feedstock for food, feed and fuel markets." In addition to the high energy and protein content, the testing found amino acid profiles similar to existing feed components. The University of Missouri analyzed the results and provided an independent third-party validation. About BioProcess Algae, LLC BioProcess Algae LLC is a joint venture among CLARCOR Inc. (NYSE:CLC), a global provider of filtration products, BioProcessH2O LLC, a wastewater purification technology company, Green Plains Renewable Energy, and the international renewable energy group NTR plc, which builds and runs green energy and resource-sustaining businesses. BioProcess Algae was created to commercialize advanced photo-bioreactor technologies for the production of high-quality, low-cost feedstocks for human nutrition, animal feed and biofuels. About Green Plains Renewable Energy, Inc. Green Plains Renewable Energy, Inc. (Nasdaq:GPRE) is North America's fourth largest ethanol producer. The Company markets and distributes approximately one billion gallons of renewable motor fuel on an annual basis, including 740 million gallons of expected production from the Company's nine ethanol plants located throughout the U.S. Green Plains owns and operates grain handling and storage assets and provides complementary agronomy services to local grain producers through its agribusiness segment. Green Plains owns Blendstar LLC, a biofuels terminal operator with locations in the southern U.S. Safe Harbor This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Such statements are identified by the use of words such as "anticipates," "believes," "estimates," "expects," "goal," "intends," "plans," "potential," "predicts," "will," and other words and terms of similar meaning in connection with any discussion of future operating or financial performance. Such statements are based on management's current expectations and are subject to various factors, risks and uncertainties that may cause actual results, outcome of events, timing and performance to differ materially from those expressed or implied by such forward-looking statements. Green Plains may experience significant fluctuations in future operating results due to a number of economic conditions, including, but not limited to, competition in the ethanol and other industries in which the Company competes, commodity market risks, financial market risks, counter-party risks, risks associated with changes to federal policy or regulation, risks related to closing and achieving anticipated results from acquisitions, risks associated with the Company's joint venture to commercialize algae production and commercialize algae-related products and technology as well as market acceptance of such products, the growth potential of the algal biomass industry, and other risks detailed in the Company's reports filed with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2010 and in the Company's subsequent filings with the SEC. Green Plains assumes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. The cautionary statements in this report expressly qualify all of our forward-looking statements. In addition, the Company is not obligated, and does not intend, to update any of its forward-looking statements at any time unless an update is required by applicable securities laws. CONTACT: Jim Stark, Vice President - Investor and Media Relations Green Plains Renewable Energy, Inc. (402) 884-8700 Investor Contact: John Baldissera BPC Financial Marketing (800) 368-1217