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Commercial Alcohols becomes GreenField Ethanol

TORONTO

Commercial Alcohols Inc, Canada's leading ethanol producer, has taken on a new name to reflect its fast-growing ethanol production business.

The new name is GreenField Ethanol Inc., to illustrate the growing importance of its ethanol business.

The company, which still has a substantial beverage and industrial alcohol production business, began from a standing start in 1989 as Commercial Alcohols and has grown to be Canada's leading fuel and packaged alcohol producer. Through leadership and ingenuity, GreenField has forged a business model over the past 18 years that sets it apart from an industry that is focused almost exclusively on the construction of one-off fuel plants.

"GreenField Ethanol is committed to being a leader in the development of world-class ethanol production facilities," said President and CEO Bob Gallant.

"This company is poised to take advantage of the rapid growth in the fuel ethanol marketplace by practicing what it preaches – disciplined management, creative thinking and an unending drive to do better."

GreenField has three world-class ethanol-manufacturing facilities and two new facilities under development. The plants are located in Chatham and Tiverton, Ontario and a new facility will open in early spring of 2007 in Varennes, Quebec. Construction on two 200-million litre per year plants, in Johnstown and Hensall, Ontario, is slated to begin shortly.

GreenField's expansion plans show that ethanol production is projected to grow to more than 700 million litres per year by 2008 making GreenField one of the top producers in North America .

"GreenField has experience in building several successful ethanol plants in Canada and is committed to remaining at the forefront of biofuels production technology in the future," said Gallant.

The Canadian government will require 5 per cent renewable content, such as ethanol and biodiesel, in Canadian gasoline and diesel fuel by 2010.

GreenField's industrial and beverage alcohol subsidiaries continue to grow and increase market share adding a dimension to the company that provides stability and sustainable earnings. For more information about industrial and beverage alcohol please visit www.comalc.com. They will remain active under the name Commercial Alcohols.

The change in the company is effective immediately.