Riverstone Holdings and The Carlyle Group Announce Investment by Goldman Sachs in Green Earth Fuels, LLC

Houston, TX – Biodiesel producer Green Earth Fuels, and its majority investors, Riverstone Holdings, LLC and the Carlyle Group, today announced that Goldman Sachs, through GS Power Holdings, LLC, has invested in Green Earth Fuels. Goldman Sachs acquired its interest from the Carlyle /Riverstone Renewable Energy Infrastructure Fund (CRREIF). CRREIF originally made its investment in July, 2006.

Green Earth is building 86 million gallons of biodiesel production capacity at the Kinder Morgan Galena Park Liquids Terminal located on the Houston Ship Channel in Texas and is expected to be on line in the third quarter of 2007. The company has also secured state and local permits for an additional 86 million gallons of production capacity at the Kinder Morgan Terminal in Harvey, Louisiana. Green Earth anticipates beginning construction on this facility in early 2007.

Green Earth President and Chief Executive Officer, Greg Bafalis, said, "Given their history, record of success, and market insight, we are excited to have Goldman Sachs on our team. In particular, their expertise in the energy, financial and commodity markets will add considerable value to our team. With Riverstone, Carlyle, and Goldman Sachs as our investors, we have three of the largest and most experienced energy infrastructure players in the United States supporting our continued growth. This combination of energy investors is a powerful endorsement of our business plan, which differentiates Green Earth from other biodiesel companies."

Stephen Schaefer, Managing Director with Riverstone Group, said, "We are excited about Green Earth’s prospects. Goldman Sachs is a great addition to the investor group behind Green Earth Fuels. Our investor group will help Green Earth realize its potential through our contacts and knowledge throughout the energy industry and our access to financial and commodity markets."

Headquartered in Houston, Texas, Green Earth Fuels, LLC is a team of energy industry veterans focused on the development of a petroleum-friendly biodiesel infrastructure that provides the requisite scale, product quality and streamlined logistics necessary to reliably supply leading energy industry participants. The Green Earth Fuels biodiesel facilities will be embedded within the existing petroleum complex and will employ the rigorous quality standards and processes necessary to conform to both ASTM-D6751 and BQ9000 biodiesel specifications.

Green Earth Fuels, LLC is majority owned by Riverstone Holdings, LLC and The Carlyle Group through a controlling investment by the Carlyle/Riverstone Renewable Energy Infrastructure Fund I, L.P.

For more information see, www.greenearthfuelsllc.com/ .

About Goldman Sachs
Goldman Sachs is a leading global investment banking, securities and investment management firm which provides a wide range of services worldwide to a substantial and diversified client base, which includes corporations, financial institutions, governments and high net worth individuals. Founded in 1869, it is one of the oldest and largest investment banking firms. The firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.