OMAHA, NE – (November 7, 2006) –The Scoular Company (“Scoular”) announced today that it sold a 100-million-gallon-per-year (“MGPY”) greenfield ethanol project to Dallas-based White Energy Holding Company, LLC, an emerging leader in U.S. ethanol production.  Located in Plainview, Texas, the facility is fully permitted and construction is beginning, with completion targeted for early 2008.

In addition to the sale of the Plainview plant, Scoular formed a long-term strategic partnership with White Energy.  Under comprehensive arrangements, Scoular will provide grain procurement and distillers grain marketing services for selected White Energy plants and comprehensive risk management services for the company.  Although the Plainview location had been the site of a Scoular grain receiving facility, Scoular utilizes its entire shipping network to supply grain to the growing ethanol industry in the corn belt and beyond.

“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.”

 “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 serve market demand in the West and Southwest and establish White Energy as a leading ethanol producer and distributor in the U.S.”

ABOUT WHITE ENERGY

Dallas-based White Energy Holding Company, LLC was founded to develop, fund and manage business opportunities focused on renewable energy sources. During the next several years, White Energy plans to be a top producer of renewable energy, securing production capacity through acquisitions and greenfield construction. For more information, visit www.white-energy.com.