TORONTO – For the second time GreenField Ethanol, Canada’s largest ethanol producer, has been named one of Canada’s"50 Best Managed Companies". The announcement was made Feb. 7 by Deloitte, one of Canada’s leading professional services firms, providing audit, tax, consulting, and financial advisory services through more than 6,800 people in 51 offices.

Canada’s 50 Best Managed Companies is the country’s leading business awards program, recognizing excellence in Canadian-owned and managed companies with revenues of more than $10 million. Deloitte, CIBC Commercial Banking, the National Post and Queen’s School of Business sponsor the program.

"We are honored and proud to receive this distinguished award," said Bob Gallant, President and CEO of GreenField Ethanol. "At GreenField we will continue to focus on our leadership, experience and vision to make this company the leading ethanol producer in Canada."

This marks the second time GreenField Ethanol has won the 50 Best Managed Company award. As Commercial Alcohols, the company also won the award in 2004.

"Out of the thousands of applications and a grueling vetting process, GreenField Ethanol emerged as one of Canada’s 50 Best Managed Companies. This company has achieved the highest level of Canadian business excellence," said James McSherry, Executive Vice President and managing Director of CIBC Commercial Banking, a national sponsor of the Best Managed program.

GreenField Ethanol, formerly Commercial Alcohols, is Canada’s leading ethanol producer. The company produces 215-million litres a year of corn-based ethanol at its plants in Chatham and Tiverton, Ontario.

A third facility in Varennes, Quebec was slated to open in February and two more plants are under construction in Hensall and Johnstown, Ontario, and will be operational in 2008. GreenField Ethanol will be one of the top producers in North America with five operating plants, producing more than 700-million litres of ethanol per year by 2008.

GreenField’s Ethanol is available at more than 1,500 gas stations across Canada.

For more information visit the GreenField Ethanol website at

www.greenfieldethanol.com

Every year, hundreds of entrepreneurial companies compete for this designation in a rigorous and independent process that evaluates the caliber of their management abilities and practices. The awards are granted on three levels: 1) Best Managed winner (one of the 50 new winners selected each year);

2) Requalified member (repeat winners retain the Best Managed designation for two additional years, subject to annual operational and financial review);

3) Platinum Club member (winners that maintain Best Managed status for a minimum of six consecutive years.) Program sponsors are Deloitte, CIBC Commercial Banking, National Post, and Queen’s School of Business.

For further information go to www.canadas50best.com.