Pacific Ethanol raises $8M, buys back 7% mnore equity in lost plants

December 12, 2011 |

In California, Pacific Ethanol has raised $8 million in a private stock sale as it continues its mission to recoup the production plants it lost in a bankruptcy case. Half the proceeds of the sale will be spent to buy another 7% of the company that now owns Pacific Ethanol’s four production plants, bringing Pacific Ethanol’s ownership of those plants to 34 percent.


Category: Producer News

Thank you for visting the Digest.