Pacific Ethanol Begins Production of Corn Oil at Madera Plant
May 07 2015 - 4:05PM
Pacific Ethanol, Inc. (Nasdaq:PEIX), the leading
producer and marketer of low-carbon renewable fuels in the Western
United States, has begun commercial production of corn oil
utilizing Valicor's proprietary VFRAC™ corn oil recovery system at
its Madera, California plant.
Neil Koehler, the company's president and CEO, stated: "We are
pleased to be producing corn oil at our Madera plant, which further
diversifies our plant revenue streams and significantly improves
operating income. In addition, plans are underway for corn oil
production to begin at our Boardman, Oregon plant in the second
quarter, at which time all four of Pacific Ethanol's ethanol
production facilities will be producing and benefitting from this
high-value co-product."
About Pacific Ethanol, Inc.
Pacific Ethanol, Inc. (PEIX) is the leading producer and
marketer of low-carbon renewable fuels in the Western United
States. Pacific Ethanol also sells co-products, including wet
distillers grain ("WDG"), a nutritional animal feed. Serving
integrated oil companies and gasoline marketers who blend ethanol
into gasoline, Pacific Ethanol provides transportation, storage and
delivery of ethanol through third-party service providers in the
Western United States, primarily in California, Arizona, Nevada,
Utah, Oregon, Colorado, Idaho and Washington. Pacific Ethanol has a
96% ownership interest in PE Op Co., the owner of four ethanol
production facilities. Pacific Ethanol operates and manages the
four ethanol production facilities, which have a combined annual
production capacity of 200 million gallons. These operating
facilities are located in Boardman, Oregon, Burley, Idaho,
Stockton, California and Madera, California. The facilities are
near their respective fuel and feed customers, offering significant
timing, transportation cost and logistical advantages. Pacific
Ethanol's subsidiary, Kinergy Marketing LLC, markets ethanol from
Pacific Ethanol's managed plants and from other third-party
production facilities, and another subsidiary, Pacific Ag.
Products, LLC, markets WDG. For more information please visit
www.pacificethanol.com.
Safe Harbor Statement under the Private
Securities Litigation Reform Act of 1995
With the exception of historical information, the
matters discussed in this press release including, without
limitation, the ability of Pacific Ethanol to continue as leading
producer and marketer of low-carbon renewable fuels in the Western
United States; the effects of corn oil production, including the
effect on Pacific Ethanol's operating income; and the timing of
corn oil production at Pacific Ethanol's Boardman, Oregon plant are
forward-looking statements and considerations that involve a number
of risks and uncertainties. The actual future results of Pacific
Ethanol could differ from those statements. Factors that could
cause or contribute to such differences include, but are not
limited to, adverse economic and market conditions; changes in
governmental regulations and policies; cost overruns and delays in
implementing, and failure to attain the anticipated benefits of,
the corn oil production; and other events, factors and risks
previously and from time to time disclosed in Pacific Ethanol's
filings with the Securities and Exchange Commission including,
specifically, those factors set forth in the "Risk Factors" section
contained in Pacific Ethanol's Form 10-K/A filed with the
Securities and Exchange Commission on April 13, 2015.
CONTACT: Company IR Contact:
Pacific Ethanol, Inc.
916-403-2755
866-508-4969
Investorrelations@pacificethanol.com
IR Agency Contact:
Becky Herrick
LHA
415-433-3777
Media Contact:
Paul Koehler
Pacific Ethanol, Inc.
916-403-2790
paulk@pacificethanol.com
Alto Ingredients (NASDAQ:PEIX)
Historical Stock Chart
From Aug 2024 to Sep 2024
Alto Ingredients (NASDAQ:PEIX)
Historical Stock Chart
From Sep 2023 to Sep 2024