ST. LOUIS, June 15 /PRNewswire/ -- "Reunited and it feels so good." Those may be the lyrics to a classic song by Peaches and Herb, but one may suspect they're whistling the tune in Ryan Hunter-Reay's Ethanol USA-Team IZOD® pit at the Iowa Corn Indy 250.
At the annual Fuel Ethanol Workshop in St. Louis Monday, ICM, Inc. and Green Plains Renewable Energy, both industry leaders in the development and production of biofuels in the U.S., announced they are teaming up to sponsor the #37 Ethanol USA-Team IZOD car from Andretti Autosport driven by Hunter-Reay.
Hunter-Reay was sponsored by the U.S. ethanol industry in the 2007 and 2008 seasons. The IZOD IndyCar® Series is the only motorsports circuit using 100 percent fuel-grade ethanol.
"I couldn't be more thrilled to be representing Ethanol USA in the IZOD IndyCar Series again for a race that's fueled by ethanol made in the United States," says Hunter-Reay. "Everyone talks about cleaner, greener energy, but this is one industry that has been consistently delivering on its promises."
Hunter-Reay is in the midst of a thrilling 2010 season. He and Team IZOD began the season with a runner-up finish in the Sao Paulo Indy 300. Three races later, he picked up his first victory of the year at the Toyota Grand Prix of Long Beach. He has collected three top-5's and currently sits sixth in IZOD IndyCar Series points standings – 45 points behind the leader – and is poised to make a championship run.
"We're excited to be back in the IZOD IndyCar Series, and thrilled to renew our relationship with Ryan Hunter-Reay," said Dave Vander Griend, ICM President and CEO. "Ryan has demonstrated his tremendous skill on the race track, and is a passionate supporter of the U.S. ethanol industry."
Higher blends of ethanol have proven themselves with flying colors in auto racing. Indy car racing has always been the most technologically advanced form of racing and has always prided itself on being on the forefront of automotive innovation. Ethanol has an octane rating of 113 which can be utilized in higher blends to improve performance and keep engines clean.
"This partnership is a great platform to demonstrate the environmental and performance aspects of ethanol right in the backyard of the #1 ethanol producing state with over 84 million barrels of production," said Todd Becker, President and CEO of Green Plains Renewable Energy. "We continue to prove year after year that ethanol has become a permanent solution to breaking our dependence on foreign oil in a clean and responsible manner."
The Iowa Corn Indy 250 Presented by Pioneer® is scheduled for Sunday, June 20, 2010 at the Iowa Speedway in Newton, Iowa.
"Everyone at Andretti Autosport is honored to share the spotlight with the U.S. ethanol industry," said Michael Andretti, chairman, president and CEO of Andretti Autosport. "We share the same ideals of innovation and ingenuity as those who seek a more secure energy future in the U.S."
About ICM, Inc.: Established in 1995 and headquartered in Colwich, Kan., ICM, Inc., has focused on sustaining agriculture through innovation by engineering, building, and supporting the renewable fuel industry's leading biorefineries. Proprietary ICM process technology is behind approximately 6.6 billion gallons of ethanol production per year. Additionally, ICM backs every facility they design with the most aggressive yield, energy, and emissions guarantees available. The full-service provider also offers a comprehensive line of more than 100 products and services tailored to make biofuels production more efficient and more profitable. ICM is further upholding its responsibility as an industry leader by heavily investing in the continued advancement of renewable energy technologies. In an effort to speed that advance, ICM has been conducting research and testing at its two state-of-the-art research facilities in Colwich and St. Joseph, MO, in conjunction with a growing list of strategic partners spanning multiple industries. For more information, visit icminc.com.
About Green Plains Renewable Energy, Inc.: Green Plains Renewable Energy, Inc. (Nasdaq: GPRE) is North America's fourth largest ethanol producer, operating a total of six ethanol plants in Indiana, Iowa, Nebraska and Tennessee with annual expected operating capacity totaling approximately 480 million gallons. Green Plains also markets and distributes ethanol for four third-party ethanol producers with annual expected operating capacity totaling approximately 360 million gallons. Green Plains owns 51% of Blendstar, LLC, a biofuel terminal operator which operates nine blending or terminaling facilities with approximately 495 million gallons per year of total throughput capacity in seven states in the south central United States. Green Plains operates grain storage facilities and complementary agronomy and petroleum businesses in Iowa, southern Minnesota and western Tennessee.
About Andretti Autosport: Based in Indianapolis, Ind., Andretti Autosport is led by racing legend Michael Andretti. Andretti Autosport, which is the winningest team in Indy Racing League history, fields multiple entries in the IZOD IndyCar Series. Andretti Autosport also campaigns multiple cars in the Firestone Indy Lights series in a joint venture with AFS Racing and two cars in the USF2000 National Championship. The company boasts three IZOD IndyCar Series championships (2004, 2005 and 2007), two Firestone Indy Lights titles (2008 and 2009) and has won the Indianapolis 500 twice (2005 and 2007). For more information, please visit www.AndrettiAutosport.com.
SOURCE ICM, Inc.; Green Plains Renewable Energy, Inc.; Andretti Autosport