Pacific Ethanol Enhances Production Efficiencies at Madera, CA Plant With Whitefox’s Technology
February 11 2016 - 8:30AM
Pacific Ethanol, Inc. (NASDAQ:PEIX), a leading
producer and marketer of low-carbon renewable fuels in the United
States, and Whitefox Technologies Limited, a clean fuel membrane
specialist, have entered into a technology license and purchase
agreement for an industrial scale membrane system that separates
water from ethanol in the plant's distillation system. Pacific
Ethanol expects commercial operations using the new technology in
the third quarter of 2016.
Neil Koehler, Pacific Ethanol’s president and
CEO stated: “We are pleased to be a first mover with an innovative
technology that integrates well into our existing system.
Whitefox’s technology is designed to increase operating
efficiencies, lower production costs, and reduce the carbon
intensity of ethanol produced at our Madera facility.”
Whitefox’s CEO Gillian Harrison stated: “After
an extensive trial period, our Whitefox ICE™ Solution was shown to
remove bottlenecks and improve ethanol production efficiency at the
Pacific Ethanol Madera plant. We are pleased Pacific Ethanol chose
our membrane technology to provide them with a key competitive
advantage in the industry and we look forward to an ongoing
collaborative relationship.”
In May 2015, Pacific Ethanol and Whitefox
announced the delivery of a stand-alone, container-based, membrane
system to Pacific Ethanol’s Madera, CA plant. Since that time, the
technology underwent a trial period where it was determined to
reduce the consumption of water and energy, and reduce emissions in
the production of ethanol while increasing product output.
About WhitefoxWhitefox is a
specialist-engineering firm that delivers innovative membrane
solutions for different solvent applications and chemical
reactions. The company has over 10 years’ industrial experience,
focused on providing the most energy and water-efficient separation
systems worldwide. Projects range from integrating chemical
reactors and recycling waste ethanol in pharmaceutical plants to
producing high-quality potable and biofuel grade ethanol. For more
information, please visit www.whitefox.com
About Pacific Ethanol, Inc.Pacific
Ethanol, Inc. (PEIX) is the leading producer and marketer of
low-carbon renewable fuels in the Western United States. With the
addition of four Midwestern ethanol plants in July 2015, Pacific
Ethanol more than doubled the scale of its operations, entered new
markets, and expanded its mission to be the industry leader in the
production and marketing of low carbon renewable fuels. Pacific
Ethanol owns and operates eight ethanol production facilities, four
in the Western states of California, Oregon and Idaho, and four in
the Midwestern states of Illinois and Nebraska. The plants have a
combined production capacity of 515 million gallons per year,
produce over one million tons per year of ethanol co-products such
as wet and dry distillers grains, wet and dry corn gluten feed,
condensed distillers solubles, corn gluten meal, corn germ, corn
oil, distillers yeast and CO2. Pacific Ethanol markets and
distributes ethanol and co-products domestically and
internationally. Pacific Ethanol’s subsidiary, Kinergy Marketing
LLC, markets all ethanol for the Pacific Ethanol plants as well as
for third parties, with over 800 million gallons of ethanol
marketed annually based on historical volumes. Pacific Ethanol’s
subsidiary, Pacific Ag. Products LLC, markets wet and dry
distillers grains. For more information, please visit
www.pacificethanol.com.
Safe Harbor Statement under the Private
Securities Litigation Reform Act of 1995Statements and
information contained in this communication that refer to or
include Pacific Ethanol’s estimated or anticipated future results
or other non-historical expressions of fact are forward-looking
statements that reflect Pacific Ethanol’s current perspective of
existing trends and information as of the date of the
communication. Forward looking statements generally will be
accompanied by words such as “anticipate,” “believe,” “plan,”
“could,” “should,” “estimate,” “expect,” “forecast,” “outlook,”
“guidance,” “intend,” “may,” “might,” “will,” “possible,”
“potential,” “predict,” “project,” or other similar words, phrases
or expressions. Such forward-looking statements include, but are
not limited to, the timing of commercial operations using
Whitefox’s technology; the effects of Whitefox’s technology,
including its effect on operating efficiencies, production costs,
emissions, consumption of water and energy, the carbon intensity of
ethanol produced by Pacific Ethanol, and product output; and
Pacific Ethanol’s other plans, objectives, expectations and
intentions. It is important to note that Pacific Ethanol’s plans,
objectives, expectations and intentions are not predictions of
actual performance. Actual results may differ materially from
Pacific Ethanol’s current expectations depending upon a number of
factors affecting Pacific Ethanol’s business and risks associated
with new technologies. These factors include, among others, the
inherent uncertainty associated with new technologies and the
implementation and timing of implementation of new technologies,
financial and other projections, and the ability to attain the
anticipated benefits of new technologies 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 the Company’s Form 10-Q filed with
the Securities and Exchange Commission on November 6, 2015.
Whitefox Contact Information
Instinctif Partners
Meridith Bridge and Rebecca Fabian
Phone: 212-401-4012
whitefox@instinctif.com
Trond Heggenhougen
+44 (0) 207 953 8408
theggenhougen@whitefox.com
Pacific Ethanol Contact Information
Company IR Contact:
916-403-2755
866-508-4969
Investorrelations@pacificethanol.com
IR Agency Contact:
Becky Herrick
LHA
415-433-3777
bherrick@lhai.com
Media Contact:
Paul Koehler
916-403-2790
paulk@pacificethanol.com
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