OMAHA , NE — The Scoular Company announced today its investment in a 42-million-gallon-per-year ethanol plant currently under construction in Sterling , Colorado. Although construction of the plant is already underway, Scoular participated in a special groundbreaking ceremony held last week. Completion of the plant is slated for October 2005.

Randy Hellerich, Scoular’s Director of Business Development said, “We are excited about the ethanol industry and its strategic importance to our business. Sterling Ethanol, LLC is an excellent fit for The Scoular Company. Along with being an investor in the plant, we will be providing risk management services and will be a supplier of corn through our existing network of western Nebraska and eastern Colorado grain handling facilities.”

Hellerich will represent the company on Sterling Ethanol’s board of directors and Scoular vice president, Todd McQueen, also of Omaha , will serve as a member of the ethanol plant’s risk management committee.

Scoular is a century-old agribusiness company supplying grain and feed ingredients throughout North America.