Alto Ingredients Expands Beverage & USP Alcohol Production Capacity
February 02 2021 - 8:30AM
Alto Ingredients, Inc. (NASDAQ: ALTO), a leading
producer of specialty alcohols and essential ingredients, announced
that it has increased its total annual production capacity of
specialty alcohol to 140 million gallons, the majority of which
will meet or exceed USP certifications.
“In the fourth quarter, we refurbished the grain-neutral
spirits, or GNS system, located at our Pekin wet mill,” stated Mike
Kandris, CEO of Alto Ingredients. “Entering 2021, we now have an
additional 30 million gallons of annual production capacity of our
highest quality product, the core ingredient used in the production
of distilled spirits and USP grade alcohol. This expansion brings
our total annual specialty alcohol production capacity to 140
million gallons and is available to domestic and international
customers requiring products that meet stringent USP and GNS
specifications.”
About Alto Ingredients, Inc.Alto Ingredients,
Inc. (ALTO), formerly known as Pacific Ethanol, Inc., is a leading
producer of specialty alcohols and essential ingredients. The
company is focused on products for four key markets: Health, Home
& Beauty; Food & Beverage; Essential Ingredients; and
Renewable Fuels. The company’s customers include major food and
beverage companies and consumer products companies. For more
information please visit www.altoingredients.com.
Safe Harbor Statement under the Private Securities
Litigation Reform Act of 1995
Statements and information contained in this communication that
refer to or include Alto Ingredients’ estimated or anticipated
future results or other non-historical expressions of fact are
forward-looking statements that reflect Alto Ingredients’ 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, statements concerning Alto Ingredients’ plans,
objectives, expectations and intentions. It is important to note
that Alto Ingredients’, objectives, expectations and intentions are
not predictions of actual performance. Actual results may differ
materially from Alto Ingredients’ current expectations depending
upon a number of factors affecting Alto Ingredients’ business.
These factors include, among others, Alto Ingredients’ ability to
operate its plants at or above stated production capacities;
adverse economic and market conditions, including for specialty
alcohols and essential ingredients; export conditions and
international demand for the company’s products; fluctuations in
the price of and demand for oil and gasoline; raw material costs,
including production input costs, such as corn and natural gas; and
the effects – both positive and negative – of COVID-19. These
factors also include, among others, the inherent uncertainty
associated with financial and other projections; the anticipated
size of the markets and continued demand for Alto Ingredients’
products; the impact of competitive products and pricing; the risks
and uncertainties normally incident to the specialty alcohol
production and marketing industries; changes in generally accepted
accounting principles; successful compliance with governmental
regulations applicable to Alto Ingredients’ distilleries, products
and/or businesses; changes in laws, regulations and governmental
policies; the loss of key senior management or staff; and other
events, factors and risks previously and from time to time
disclosed in Alto Ingredients’ filings with the Securities and
Exchange Commission including, specifically, those factors set
forth in the “Risk Factors” section contained in Alto Ingredients’
Quarterly Report on Form 10-Q filed with the Securities and
Exchange Commission on November 16, 2020.
Media Contact:
Bryon McGregor, Alto Ingredients, Inc., 916-403-2768,
mediarelations@altoingredients.com
Company IR Contact:
Michael Kramer, Alto Ingredients, Inc., 916-403-2755,
Investorrelations@altoingredients.com
IR Agency Contact:
Moriah Shilton, LHA Investor Relations, 415-433-3777,
Investorrelations@altoingredients.com
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