Pacific Ethanol delays reporting annual results

In California, Pacific Ethanol said that it would delay reporting of its annual results, and will now file on March 31, 2008.

Despite a tumbling stock price, Pacific Ethanol celebrated a substantial award earlier this year from the Department of Energy. The company received  received $24.32 million for a 2.7 Mgy plant that will produce cellulosic ethanol from a process developed by BioGasol. BioGasol has partnered with the Joint BioEnergy Institute of California on the project. JBEI will provide enzyme technologies.

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