2010 News Archives

Pacific Ethanol, Inc., the leading West Coast marketer and producer of low-carbon renewable fuels, announced that it has renewed the credit facility of its subsidiary, Kinergy Marketing LLC with Wells Fargo Capital Finance, LLC. The renewal extends the term for an additional three years and increases the maximum amount of the credit facility from $15 million to $20 million. The credit facility matures on December 31, 2013.

Pacific Ethanol, Inc. (PEI, NASDAQ CM: PEIX), the leading West Coast marketer and producer of low-carbon renewable fuels, announced that its subsidiary, Kinergy Marketing LLC, has signed an exclusive marketing agreement with AE Advanced Fuels Keyes, Inc. (“AE Keyes”) to sell all ethanol produced by the 55 million gallon per year ethanol production facility located in Keyes, California.

Pacific Ethanol, Inc. (PEI, NASDAQ CM: PEIX), the leading West Coast marketer and producer of low-carbon renewable fuels, intends to release its third quarter 2010 financial results post-market on Monday, November 15, 2010. Management will host a conference call at 8:00 a.m. PT/11:00 a.m. ET on Tuesday, November 16, 2010. Neil Koehler, Chief Executive Officer, and Bryon McGregor, Chief Financial Officer, will deliver prepared remarks and conduct a slide presentation simultaneously via webcast followed by a question and answer session.

Pacific Ethanol, Inc. announced plans to resume operations at the 60 million gallon per year facility in Stockton, California. PEI expects to be producing ethanol at Stockton in December 2010.

Pacific Ethanol, Inc. announced today that it has closed the following four transactions, which were previously announced on September 28, 2010.

Sacramento, CA, September 28, 2010 - Pacific Ethanol, Inc. (PEI, NASDAQ CM: PEIX), the leading West Coast marketer and producer of low-carbon renewable fuels, announced today several transactions intended to further improve the company’s balance sheet and position the company for continued growth in the ethanol industry. On September 27, 2010, PEI entered into agreements to issue senior convertible notes (Notes) in the aggregate principal amount of $35.0 million to institutional investors, which agreements are expected to close on or prior to October 11, 2010.

Sacramento, CA, September 9, 2010 - Pacific Ethanol, Inc. (PEI, NASDAQ CM: PEIX), the leading West Coast marketer and producer of low-carbon renewable fuels, is scheduled to present at Wedbush Securities’ Second Annual Clean Technology & Industrial Growth Conference in San Francisco on Tuesday, September 14th at 3:35 p.m. Pacific Time. Neil Koehler, president and chief executive officer, will discuss the company’s strategy. The conference will be held at The Fairmont Hotel.

The presentation will be webcast live and available here. In addition, a replay will be available for a period of 90 days thereafter.

Pacific Ethanol, Inc. reports its financial results for second quarter 2010.

Sacramento, CA, August 11, 2010 – Pacific Ethanol, Inc. receives confirmation from the California Energy Commission accepting the participation by Pacific Ethanol Madera, LLC and Pacific Ethanol Stockton, LLC in the California Ethanol Producer Incentive Program (CEPIP).

SACRAMENTO, CA, August 3, 2010 - Pacific Ethanol, Inc. (NASDAQ CM: PEIX), the leading West Coast marketer and producer of low-carbon renewable fuels and coproducts, intends to release its second quarter 2010 financial results post-market on Monday, August 16, 2010.

Pacific Ethanol, Inc. (the “Company”) (NASDAQ CM:PEIX), the leading West Coast marketer and producer of low carbon renewable fuels, announced the emergence from bankruptcy of Pacific Ethanol Holding Co. LLC (“PEH”) and PEH’s four wholly-owned ethanol production facility subsidiaries (the “Plant Subsidiaries”), effective today, June 29, 2010.

Pacific Ethanol, Inc. (the “Company”) (NASDAQ CM:PEIX), the leading West Coast marketer and producer of low carbon renewable fuels, announced the confirmation of its plan of reorganization (“Confirmed Plan”) for its wholly-owned subsidiary, Pacific Ethanol Holding Co. LLC (“PEH”), together with PEH’s four wholly-owned ethanol production facility subsidiaries (“Plant Subsidiaries”). The Confirmed Plan, which was unanimously approved by the secured lenders, is expected to be effective by the end of June 2010.

Provides terms for Pacific Ethanol to purchase equity interest in reorganized company. Reduce total debt of reorganized company.

Pacific Ethanol, Inc. (NASDAQ GM: PEIX), the leading West Coast-based marketer and producer of ethanol, announced today its financial results for the three months and year ended December 31, 2009.

Pacific Ethanol, Inc. (the “Company”) (NASDAQ GM:PEIX), announced that on March 26, 2010, its wholly-owned subsidiary, Pacific Ethanol Holding Co. LLC (“PEH”), together with PEH’s four wholly-owned ethanol production facilities (“Plant Subsidiaries”), filed a Plan of Reorganization (“Plan”) and related draft Disclosure Statement with the U.S. Bankruptcy Court in Delaware in cooperation with WestLB AG and other secured lenders. The Company expects PEH and the Plant Subsidiaries to emerge from bankruptcy near the end of the second quarter of this year.

Sacramento, CA, March 8, 2010 - Pacific Ethanol, Inc. (NASDAQ GM: PEIX), (the “Company”), announced today agreements designed to satisfy $34.7 million of the Company’s outstanding debt, and to cure existing defaults on the debt.

Pacific Ethanol, Inc. (NASDAQ GM: PEIX), (the “Company”), announced today that it received a letter from The NASDAQ Stock Market (“NASDAQ”) on January 25, 2010, which contained a NASDAQ compliance determination that the Company has regained compliance with NASDAQ Listing Rule 5450(a)(1), which requires that listed securities maintain a minimum closing bid price of $1.00 per share.