Badger State Ethanol,

Badger State Ethanol (BSE) is a dry-mill ethanol production facility in Monroe, Wisconsin. The Limited Liability Company (LLC) was founded in May of 2000 with the primary intent to produce a mix of products placing it in two distinct industries with attributes that would be commodity in nature—fuel component and livestock feed The plant began production in October of 2002 with an annual name-plate capacity of 40 million gallons of ethanol and 128,000 tons of animal feed known as distiller grains, which could be sold as: Distillers Dried Grains with Solubles (DDGS) Distillers Modified Wet Grains Distillers Grains Today, BSE is in the process of increasing production to over 85 million gallons of ethanol per year. In addition to the DDGS, we also produce 50% corn protein (Dry Matter Basis) feed and corn oil. Carbon dioxide is also captured for use in the food industry. BSE also makes America less dependent on foreign oil with our clean burning, environmentally friendly, renewable fuel.