about us
BioFuel Energy is a publicly traded company (NASDAQ: BIOF) whose goal is to become one of the leading ethanol producers in the United States. Headquartered in Denver, Colorado, the company is currently operating two 110 million gallon per year ethanol production facilities in Fairmont, Minnesota and Wood River, Nebraska.
BioFuel Energy enjoys a strong commercial relationship with Cargill Inc., one of the world’s leading agricultural corporations. Cargill is a service provider, specifically in corn procurement, risk management and product sales. This mutually beneficial relationship allows both companies to focus solely on their core competencies. Since the companies’ inception in 2005, BioFuel Energy has been dedicated to finding the most environmentally friendly, economically efficient, and innovative technologies available in ethanol production.
BioFuel Energy is backed by a prominent group of institutional investors and independent stockholders and is a publicly traded company (NASDAQ:BIOF)
Our Business
BioFuel Energy Corp. was formed to produce fuel ethanol and thereby play a role in helping to solve the U.S. and the world’s energy dilemma. By initially creating a sustainable business in the United States, it is our belief that we can earn a reasonable profit while reducing U.S. dependence on foreign energy and helping the environment. In doing this we expect to provide growth opportunities for employees and provide financial returns to our shareholders.
Our Mission
To consistently produce high quality products that are economical. We aim to be a low cost producer in the US ethanol industry, known for operational excellence, continuous improvement, and responsible growth.
Our Vision
To be the best producer of fuel ethanol and associated co-products in the United States. We will do this in a manner that makes us the producer of choice for customers, the employer of choice for employees, and a clear preference for those investing in the industry.
Our Values
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Integrity – Our actions match our words. We execute on our plans.
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Diligence – We aggressively pursue the facts. We operate with a deliberate sense of urgency.
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Creativity – We search for innovative solutions.
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Continuous Improvement – We always remain our toughest critic. We listen.
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Relentless Pursuit – We attack challenges and goals with passion, and a commitment to hard work and having fun.
Management
Our senior management staff includes a seasoned group of executives with extensive experience in the energy field.
Mark Wong Chairman, BioFuel Energy
Mark Wong brings considerable experience and industry expertise to his new position on the Board. He served as the chief executive officer of Renewable Agricultural Energy Corporation, a private ethanol production company from 2006 to 2007. From 1999 to 2005, Mr. Wong was Chief Executive Officer of Emergent Genetics, an international seed company he had founded that was sold to Monsanto Company in 2005. Prior to that time, Mr. Wong had founded and managed a series of agricultural and biotechnology companies including Big Stone Partners, Agracetus Corporation and Agrigenetics Corporation. Earlier in his career, Mr. Wong had worked as an engineer for FMC Corporation and Chemical Construction Corporation. Mr. Wong received a Bachelor of Science in Chemical Engineering from Lehigh University and a MBA from the Wharton School of Business at the University of Pennsylvania.
Scott H. Pearce, President and CEO
Scott Pearce is the Chief Executive Officer and a co-founder of BioFuel Energy. He previously served as President and CEO of Poseidon Resources Corporation, a leader in partnering with energy companies to build and operate water and environmental systems for large industrial and government clients. Prior to that, Mr. Pearce served in various leadership positions in the US Army, including attack Helicopter Pilot and Troop Commander, and attained the rank of captain. He holds an MBA from the MIT Sloan School of Management and a BS of Engineering from Auburn University.
Daniel J. Simon, Executive Vice President and COO
Daniel J. Simon is a cofounder and has been our Executive Vice President and Chief Operating Officer since inception. Between 1999 and 2005, Mr. Simon served as the Vice President of International Development for TIC Holdings and as founder and President of TIC’s Renewable Energy Development Corporation subsidiary. In 2005, Mr. Simon co-founded Bio Fuel Solutions Colorado and Bio Fuel Solutions Delaware, the predecessors of BioFuel Energy, LLC. and BioFuel Energy Corp. From 2004-2007, Mr. Simon was also the majority owner and served as Chairman of Calpac Lasers, Inc., a small laser manufacturing company. From 1994 to 1999 Mr. Simon served in various roles for NCH Corporation, at the time a NYSE listed company, where he founded and operated a portfolio of 11 manufacturing, distribution, and sales businesses primarily targeting the energy and water management markets in the USA and Asia Pacific regions. Mr. Simon received his Bachelor of Science degree in Economics from the University of Colorado.
Kelly Maguire, Vice President and Chief Financial Officer
Kelly Maguire joins Biofuel Energy as Vice President and Chief Financial Officer. He brings to the table exceptional experiences in corporate finance management from several Colorado based organizations. His professional experience includes 8 years as the Chief Integration Officer and Chief Financial Officer for Pendum, Inc. – a national ATM service provider – where he was responsible for overseeing customer data for revenue dispatch systems, and managed and directed the revenue and information technology departments. Prior to that, Mr. Maguire was the Chief Financial Officer for Golden based TMJ Implants where he was responsible for overseeing and managing the entire finance department. Beginning his career, Mr. Maguire spent 10 years at Deloitte & Touche where he was responsible for managing audit engagements and audit services staff. Mr. Maguire earned a BBA in Accounting from the University of North Dakota.
Tim Morris, Vice President, Operations
Timothy S. Morris has been our Vice President of Operations since February 2007. From January 2006 to February 2007, Mr. Morris served as CEO of American Ethanol, Inc., a private ethanol productions company. From 2005 to January 2006, Mr. Morris was an independent consultant, providing operations management expertise to various companies in the ethanol and other continuous process industries. From 2002 to 2005, he served as Vice President of United Bio Energy, LLC, overseeing the operations of multiple ethanol plants. From 1993 to 2002, Mr. Morris served as Plant Manager for a wet corn ethanol facility of Minnesota Corn Processors, LLC. Between 1981 and 1993, he served in various capacities at Coors Brewing Company, Manna Pro Corporation and Cargill, Incorporated. Mr. Morris received a BS in Feed Science and Management from Kansas State University.
Board of Directors
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Mark Wong - Chairman, BioFuel Energy
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Scott H. Pearce - President and CEO, BioFuel Energy
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Elizabeth K. Blake - Director
Chairman of Nominating and Governance Committee
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David M. Einhorn - Director
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Richard I. Jaffee - Director
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Alexander P. Lynch - Director
Chairman of Audit Committee
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John D. March - Director
Partners
Cargill was founded in 1865 and is headquartered in Minnesota. With 149,000 employees in 63 countries, Cargill is an international provider of food, agricultural and risk management products and services.
BioFuel Energy and Cargill have entered into agreements whereby Biofuel will leverage Cargill's expertise in providing corn sourcing and storage, ethanol distribution, distillers grains marketing and risk management services for the Company.
LATEST NEWS
News Release: BioFuel Announces Earnings Release and Conference Call
March 3, 2010
News Release: BioFuel Reports Third Quarter Results
Nov 12, 2009
Did you know?
The IndyCar® Series will be using 100% fuel-grade ethanol in 2007, becoming the first major racing circuit to switch entirely to a renewable fuel. Ethanol powers the cars on the race track and can also help consumer vehicles run better on Main Street.