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 taking similar measures but chided that it wasn’t enough to make an impact on prices nor margins. Typically the fall harvest season when new crop corn becomes available is when feedstock prices are the lowest.

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Category: Fuels

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