Pacific Ethanol appoints interim CFO as beleaguered ethanol pioneer faces California fuel market shutout, cash drain

In California, Pacific Ethanol appointed Bryon McGregor as interim chief financial officer, as the beleaguered corn ethanol producer faced running out of cash by the end of the month and a shut-out from the California fuel market by 2011 unless indirect land use change penalties for corn ethanol were re-asssesed.

McGregor joined the company last September, just as the company opened its 60 Mgy corn ethanol plant at Stockton.

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