Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Pacific Ethanol Inc    PEIX

PACIFIC ETHANOL INC

(PEIX)
  Report  
SummaryQuotesChartsNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector news

Pacific Ethanol Inc : Pacific Ethanol to Use Sugar to Futher Diversify it’s Feedstock

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/01/2013 | 06:26pm EDT

Company IR Contact:

IR Agency Contact:

Media Contact:

Pacific Ethanol, Inc.

916-403-2755

866-508-4969

Becky Herrick

LHA

415-433-3777

Paul Koehler

Pacific Ethanol, Inc.

916-403-2790

Investorrelations@pacificethanol.net paulk@pacificethanol.net

PACIFIC ETHANOL TO USE SUGAR

TO FURTHER DIVERSIFY ITS FEEDSTOCK

Sacramento, CA, October 1, 2013 - Pacific Ethanol, Inc. (NASDAQ: PEIX), the leading marketer and producer of low-carbon renewable fuels in the Western United States, announced that the Pacific Ethanol Plants entered into an agreement to purchase surplus raw beet sugar for use as ethanol feedstock.
The Pacific Ethanol Plants purchased 167 million pounds of surplus raw beet sugar to be blended with corn at the Pacific Ethanol Plants over the next year, representing feedstock for approximately 12 million gallons of ethanol. The sugar was purchased from the Commodity Credit Corporation, a division of the U. S. Department of Agriculture, through its Feedstock Flexibility Program. The purchase price represents a substantial discount to current and expected costs of delivered corn.
Neil Koehler, the company's president and CEO, stated, "We expect this purchase of sugar to significantly lower raw material costs for the Pacific Ethanol Plants and give us added flexibility and diversification in our feedstock sourcing. We built these plants to accommodate different feedstocks and we are pleased to see the advantage this purchase creates for the company and its shareholders."

About Pacific Ethanol, Inc.

Pacific Ethanol, Inc. (NASDAQ: PEIX) is the leading marketer and producer of low-carbon
renewable fuels in the Western United States. Pacific Ethanol also sells co-products, including wet distillers grain ("WDG"), a nutritious animal feed. Serving integrated oil companies and gasoline marketers who blend ethanol into gasoline, Pacific Ethanol provides transportation, storage and delivery of ethanol through third-party service providers in the Western United
States, primarily in California, Arizona, Nevada, Utah, Oregon, Colorado, Idaho and Washington. Pacific Ethanol has an 85% ownership interest in New PE Holdco LLC, the owner of four ethanol production facilities. Pacific Ethanol operates and manages the four ethanol production facilities, which have a combined annual production capacity of 200 million gallons. The facilities in operation are located in Boardman, Oregon, Burley, Idaho and Stockton, California, and one idled facility is located in Madera, California. The facilities are near their respective fuel and feed customers, offering significant timing, transportation cost and logistical advantages. Pacific Ethanol's subsidiary, Kinergy Marketing LLC, markets ethanol from Pacific Ethanol's managed plants and from other third-party production facilities, and another subsidiary, Pacific Ag. Products, LLC, markets WDG. For more information please visit www.pacificethanol.net.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

With the exception of historical information, the matters discussed in this press release including, without limitation, the ability of Pacific Ethanol to continue as the leading marketer and producer of low-carbon renewable fuels in the Western United States; Pacific Ethanol's anticipated ethanol yields from the purchased sugar; and the effects of the purchased sugar on feedstock costs, flexibility and other benefits are forward-looking statements and considerations that involve a number of risks and uncertainties. The actual future results of Pacific Ethanol could differ from those statements. Factors that could cause or contribute to such differences include, but are not limited to, adverse economic and market conditions; changes in governmental regulations and policies; and other events, factors and risks previously and from time to time disclosed in Pacific Ethanol's filings with the Securities and Exchange Commission including, specifically, those factors set forth in the "Risk Factors" section contained in Pacific Ethanol's Form 10-K filed with the Securities and Exchange Commission on April 1, 2013.
2

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on PACIFIC ETHANOL INC
04/08PACIFIC ETHANOL : Midwest floods hammer U.S. ethanol industry, push some gasolin..
RE
03/27PACIFIC ETHANOL, INC. : Entry into a Material Definitive Agreement, Creation of ..
AQ
03/27Pacific Ethanol Amends Credit Agreements with Lenders
GL
03/18PACIFIC ETHANOL : Management's Discussion and Analysis of Financial Condition an..
AQ
03/18PACIFIC ETHANOL : explores potential sale of production assets
AQ
03/12PACIFIC ETHANOL : 4Q Earnings Snapshot
AQ
03/12PACIFIC ETHANOL, INC. : Results of Operations and Financial Condition, Financial..
AQ
03/12PACIFIC ETHANOL : Reports Fourth Quarter and Full-Year 2018 Results
AQ
03/12PACIFIC ETHANOL : to Participate in the 31st Annual ROTH Conference
AQ
03/06PACIFIC ETHANOL : to Report Fourth Quarter and Year End 2018 Results
AQ
More news
Financials ($)
Sales 2019 1 474 M
EBIT 2019 -4,35 M
Net income 2019 -17,5 M
Debt 2019 -
Yield 2019 -
P/E ratio 2019 -
P/E ratio 2020 13,00
Capi. / Sales 2019 0,03x
Capi. / Sales 2020 0,03x
Capitalization 50,8 M
Chart PACIFIC ETHANOL INC
Duration : Period :
Pacific Ethanol Inc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PACIFIC ETHANOL INC
Short TermMid-TermLong Term
TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 3
Average target price 5,50 $
Spread / Average Target 429%
EPS Revisions
Managers
NameTitle
Neil M. Koehler President, Chief Executive Officer & Director
William L. Jones Chairman
Michael D. Kandris Chief Operating Officer & Director
Bryon T. McGregor CFO & Principal Accounting Officer
John L. Prince Lead Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
PACIFIC ETHANOL INC20.79%51
ENVIVA PARTNERS LP18.56%985
RENEWABLE ENERGY GROUP INC-10.43%860
GREEN PLAINS INC32.95%722
VERBIO VEREINIGTE BIOENERGIE AG12.21%527
CROPENERGIES AG17.65%525