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.



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