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Five Pacific Ethanol production units file for Chapter 11 bankruptcy

In California, the five individual ethanol production subsidiaries of Pacific Ethanol filed for Chapter 11 bankruptcy reorganization yesterday, citing high feedstock prices, low ethanol prices and the credit crunch as factors that sealed the company’s fate.
The company had previously shut down three of its four operating plants in an attempt to conserve cash, with only [...]

Will the market for dried distillers grains keep rising with ethanol demand?

In Indiana, researchers at Purdue University are tracking the potential for the market for dried distillers grains (DDGs) to keep up with rising ethanol mandates. Supply of DDGs is expected to reach 40 million tons this year, and currently cattle have consumed 66 percent, hogs 7 percent and poultry 4 percent of the available supply.
The [...]