Tag: Pacific Ethanol

Pacific Ethanol looking to partner on or sell assets due to negative margins

Pacific Ethanol looking to partner on or sell assets due to negative margins

August 5, 2019 |

In California, DTN reports that Pacific Ethanol is actively looking to sell ethanol plants or create joint ventures in an effort to reduce its risk exposure during the current market’s era of low and negative margins. The company’s CEO said during an earnings call last week that the trade war with China has been a […]

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Pacific Ethanol could sell some assets, reports Q2 results

Pacific Ethanol could sell some assets, reports Q2 results

August 3, 2019 |

In California, Pacific Ethanol, Inc., a producer and marketer of low-carbon renewable fuels and alcohol products, reported its financial results for Q2 2019 and said they are “actively engaged in discussions which could lead to the sale of production assets, new financing arrangements, the formation of new strategic partnerships or some combination of these alternatives,” […]

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Airgas opens carbon dioxide and dry ice facility collocated with Pacific Ethanol plant

Airgas opens carbon dioxide and dry ice facility collocated with Pacific Ethanol plant

July 22, 2019 |

In California, Airgas, an Air Liquide company, announced the grand opening of its new liquid carbon dioxide and dry ice facility in Stockton. The facility, which was engineered to have minimal environmental impact, is a zero runoff/discharge site. Technology at the site will capture and recycle all process and rain water that comes in contact with […]

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Pacific Ethanol extends credits terms with CoBank, ACB

Pacific Ethanol extends credits terms with CoBank, ACB

July 16, 2019 |

In California, Pacific Ethanol, Inc. reported it has extended the terms of its credit agreements with CoBank, ACB. Pacific Ethanol Pekin, LLC, an indirect wholly-owned subsidiary of Pacific Ethanol, Inc., has entered into an amendment to extend the payment and covenant terms of its credit agreements with CoBank, ACB to November 15, 2019. In March […]

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Pacific Ethanol agrees deal on outstanding credit payments

Pacific Ethanol agrees deal on outstanding credit payments

March 27, 2019 |

In California, Pacific Ethanol, Inc. announced that Pacific Ethanol Pekin, LLC (“Pekin”) and Kinergy Marketing LLC, each a direct or indirect wholly-owned subsidiary of Pacific Ethanol, Inc., entered into amendments to their credit agreements and related agreements with their respective lenders which returns Pekin to full compliance with its credit facility and provides additional liquidity […]

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Pacific Ethanol seen mothballing remaining part of Aurora ethanol plant until summer

Pacific Ethanol seen mothballing remaining part of Aurora ethanol plant until summer

January 2, 2019 |

In Nebraska, Reuters reports that following the previous shut down of the smaller eastern part of its Aurora ethanol plant, Pacific Ethanol now plans to shutter the remaining 110 million gallons of ethanol production in the facility’s western section, likely until the summer driving period. The earlier shutdown led to laying off about two dozen […]

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Pacific Ethanol lays off workers and shuts down 45 million gallons of production in Nebraska

Pacific Ethanol lays off workers and shuts down 45 million gallons of production in Nebraska

December 19, 2018 |

In Nebraska, Reuters reports that Pacific Ethanol has laid off nearly half of its workers at the Aurora ethanol plant, shutting down 45 million gallons of production with no immediate plans to restart. The plant’s remaining 110 million gallons of production continues to operate despite low ethanol margins that are forcing facilities to wind down […]

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Port sues Pacific Ethanol and Union Pacific for 2017 derailment and aftermath

Port sues Pacific Ethanol and Union Pacific for 2017 derailment and aftermath

November 12, 2018 |

In Oregon, in response to five empty railcars that were used by Pacific Ethanol Boardman to bring in corn feedstock but later derailed after they had been unloaded back in September 2017, the Port of Morrow where the derailment occurred is suing both Pacific Ethanol and Union Pacific Railroad for nearly $340,000. The port claims […]

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Pacific Ethanol Reports Third Quarter 2018 Results

Pacific Ethanol Reports Third Quarter 2018 Results

November 4, 2018 |

In California, Pacific Ethanol, Inc., a leading producer and marketer of low-carbon renewable fuels and high-quality alcohol products, reported its financial results for the three and nine months ended September 30, 2018 which included an increase in cash and cash equivalents over 2017 but a decline net sales from $445.4 million to $370.4 million for […]

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Pacific Ethanol cuts production by 10% due to low prices and thin margins

Pacific Ethanol cuts production by 10% due to low prices and thin margins

November 1, 2018 |

In California, Reuters reports that in light of high ethanol inventories nationwide that have pressured prices along with margins, Pacific Ethanol cut production by 10% across its 605 million gallons of installed capacity at nine plants, but how much at which plants was cut was not indicated. The company’s CEO said that other companies were […]

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