Dallas-based White Energy Holding Company, LLC, an emerging leader in U.S. ethanol production, announced today that it has acquired a 100-million-gallon-per-year (“MGPY”) greenfield ethanol project from The Scoular Company (“Scoular”), a nationwide agricultural services company, headquartered in Omaha, Nebraska. The plant, located in Plainview, Texas, will be a “near twin” of White Energy’s other ethanol facility under construction in Hereford, Texas. The Plainview facility is fully permitted and construction is underway, with completion targeted for early 2008. White Energy also owns an operating 45-MGPY plant in Russell, Kansas, which, when combined with output of the two Texas plants, will bring White Energy’s total production capacity to 245 MGPY.

In addition to acquiring the Plainview site, White Energy has formed a long-term strategic relationship with Scoular, based in Omaha, Nebraska. Under comprehensive long-term Agreements, Scoular will provide grain procurement and distillers grain marketing services for selected White Energy plants and comprehensive risk management services for the company.

“This acquisition fits well into our expansion plans, and, with the addition of Scoular’s agricultural transportation and distribution expertise, White Energy has significantly elevated its competitive position in the renewable fuels market,” said Kevin D. Kuykendall, White Energy’s Chief Executive Officer. “The synergies offered by the close proximity of Hereford and Plainview will enable us to serve market demand in the West and Southwest and establish White Energy as a leading ethanol producer and distributor in the U.S.”

“We look forward to a partnership with this growing company,” said Randal Linville, President and Chief Executive Officer of Scoular. “White Energy is quickly becoming one of the nation’s dominant, renewable fuels companies with a compelling vision for plant location. The company’s strategic business plan, strong financial support and experienced management team, coupled with Scoular’s resources and expertise, create a solid foundation for long-term success in what is sure to become a very competitive renewable fuels environment.”

White Energy continues to pursue its goal of becoming one of the top ethanol producers by the end of 2008. Kuykendall credits the Scoular partnership with adding depth in specific facets of its ethanol business. “Within the next couple of years, White Energy plans to own and operate several ethanol facilities located close to major ethanol consumption markets,” Kuykendall said. “Ethanol and other renewable fuels offer important solutions to our nation’s growing energy problem, and White Energy is committed to being an industry leader. This means operating a business that is not only substantial but also sustainable by responding strategically in the rapidly-evolving renewable fuels market.”