Green Plains to Acquire JW Grain in Nebraska

Green Plains Renewable Energy, Inc.

announced today its wholly-owned subsidiary, Green Plains Grain Company, has executed an agreement to acquire the grain elevator assets of KW Carter Company d/b/a JW Grain located in St. Edward, Nebraska. JW Grain holds 1.9 million bushels of state-licensed grain storage and is located approximately 40 miles from the Company's Central City, Nebraska ethanol production facility. The JW Grain facilities, serviced by the Nebraska Central Railroad, can load 25-car unit trains. The acquisition is expected to be completed within 30 days. Green Plains plans to expand the on-site grain storage capacity by up to one million bushels, which is expected to be completed before the 2012 harvest.