2011 News Archives
Pacific Ethanol Closes on Previously Announced Increase in Plant Ownership and $8 Million Financing
Tuesday December 20, 2011, 8:00 am
Pacific Ethanol, Inc. (NASDAQ: PEIX), the leading marketer and producer of low-carbon renewable fuels in the Western United States, has closed two transactions announced on December 9, 2011. The company closed its $4.6 million purchase of an additional 7% ownership interest in New PE Holdco LLC, increasing its total ownership interest to 34%. New PE Holdco LLC owns, and the company operates, the four Pacific Ethanol production facilities. In addition, the company closed an $8.0 million private placement of 7,625,000 shares of common stock and warrants to purchase up to 4,956,250 shares of common stock.
Pacific Ethanol Announces $8.0M Private Placement and Agreement to Increase Ownership in Plants
Friday December 9, 2011, 6:30 am
Pacific Ethanol, Inc. (NASDAQ: PEIX), the leading marketer and producer of low-carbon renewable fuels in the Western United States, has entered into a definitive purchase agreement with a group of institutional investors to raise $8.0 million in a private placement transaction. Further, the company has signed purchase agreements to acquire an additional 7% interest in the Pacific Ethanol production facilities.
Pacific Ethanol Increases Ownership in Plants
Thursday December 1, 2011, 5:30 am
Pacific Ethanol, Inc. (NASDAQ: PEIX), the leading marketer and producer of low-carbon renewable fuels in the Western United States, purchased an additional 7% ownership interest in New PE Holdco LLC, the owner of the four Pacific Ethanol production facilities with a combined annual production capacity of 200 million gallons. The company paid $4.5 million in cash for the additional interest. This purchase brings the company’s total ownership interest to 27%. On October 6, 2010, the company paid $23.3 million in cash for its initial 20% ownership interest.
Pacific Ethanol Regains Compliance With NASDAQ Listing Requirements
Wednesday November 30, 2011, 5:29 am
Pacific Ethanol, Inc. (NASDAQ: PEIX), the leading marketer and producer of low-carbon renewable fuels in the Western United States, announced that it received a letter from The NASDAQ Stock Market (“NASDAQ”) on November 29, 2011, which contained a NASDAQ compliance determination that the Company has regained compliance with NASDAQ Listing Rule 5550(a)(2), which requires that listed securities maintain a minimum closing bid price of $1.00 per share.
Pacific Ethanol, Inc. Retires Its Senior Convertible Notes
Wednesday November 16, 2011, 5:30 am
Pacific Ethanol, Inc. (NASDAQ: PEIX), the leading marketer and producer of low-carbon renewable fuels in the Western United States, announced that it has retired in full its $35.0 million senior convertible notes on November 15, 2011 with its
final payment in shares of its common stock. As of November 15, 2011, Pacific Ethanol had approximately 77.5 million common shares outstanding.
final payment in shares of its common stock. As of November 15, 2011, Pacific Ethanol had approximately 77.5 million common shares outstanding.
Pacific Ethanol, Inc. Provides Update on Its Senior Convertible Notes
Wednesday November 2, 2011, 5:30 am
Pacific Ethanol, Inc. (NASDAQ: PEIX), the leading marketer and producer of low-carbon renewable fuels in the Western United States, provided an
update on its senior convertible notes.
update on its senior convertible notes.
Pacific Ethanol, Inc. Reports Third Quarter 2011 Financial Results
Wednesday October 26, 2011, 1:10 pm
Pacific Ethanol, Inc. (NASDAQ: PEIX), the leading marketer and producer of low-carbon renewable fuels in the Western United States, reported its financial results for the three- and nine-month periods ended September 30, 2011.
Pacific Ethanol, Inc. Signs Operations and Maintenance Agreement with ZeaChem
Thursday October 20, 2011, 5:30 am
Pacific Ethanol, Inc. (NASDAQ: PEIX), the leading marketer and producer of low-carbon renewable fuels in the Western United States, entered into an agreement with Pacific Ethanol Management Services, Corp, (“Pacific Services”) a whollyowned subsidiary of Pacific Ethanol, Inc. and ZeaChem Inc. (“ZeaChem”), to provide operations, maintenance and accounting services for ZeaChem’s 250,000 gallon per year cellulosic integrated biorefinery in Boardman, Oregon. ZeaChem is a developer of biorefineries for the conversion of renewable biomass into sustainable fuels and chemicals.
Pacific Ethanol to Release Third Quarter 2011 Results
Wednesday October 19, 2011, 1:10 pm
Pacific Ethanol, Inc. (NASDAQ: PEIX), the leading marketer and producer of low-carbon renewable fuels in the Western United States, announced it will release its third quarter 2011 financial results after the market closes on Wednesday, October 26, 2011. Management will host a conference call at 9:00 a.m. Pacific Time / 12:00 p.m. Eastern Time on Thursday, October 27, 2011. Neil Koehler, Chief Executive Officer, and Bryon McGregor, Chief Financial Officer, will deliver prepared remarks via webcast followed by a question and answer session.
Pacific Ethanol, Inc. Provides Update on its Senior Convertible Notes
Tuesday October 4, 2011, 5:30 am
Pacific Ethanol, Inc. (NASDAQ: PEIX), the leading marketer and producer of low-carbon renewable fuels in the Western United States, provided an update on its senior convertible notes.
Pacific Ethanol, Inc. Extends Ethanol Marketing Agreement with AE Keyes
Thursday September 8, 2011, 5:30 am
Pacific Ethanol, Inc. (NASDAQ: PEIX), the leading marketer and producer of low-carbon renewable fuels in the Western United States, announced that its subsidiary, Kinergy Marketing LLC, has entered into a two-year extension of its exclusive ethanol marketing arrangement with AE Advanced Fuels Keyes, Inc. (“AE Keyes”).
Pacific Ethanol to Present at Wedbush Securities’ 2011 Clean Tech & Industrial Growth Conference
Wednesday September 7, 2011, 5:30 am
Pacific Ethanol, Inc. (NASDAQ: PEIX), the leading marketer and producer of low-carbon renewable fuels in the Western United States, is scheduled to present at Wedbush Securities’ 2011 Clean Technology & Industrial Growth Management Access Conference in San Francisco, CA on Wednesday, September 14, 2011 at 8:00 a.m. Pacific Time. Click Here to view the webcast.
Pacific Ethanol, Inc. Provides Update on Its Senior Convertible Notes
Friday September 2, 2011, 5:30 am
Pacific Ethanol, Inc. (NASDAQ: PEIX), the leading marketer and producer of low-carbon renewable fuels in the Western United States, provided an update on its senior convertible notes.
Pacific Ethanol, Inc. Amends Senior Convertible Notes Terms
Thursday August 4, 2011, 5:30 am
Pacific Ethanol, Inc. (NASDAQ: PEIX), the leading marketer and producer of low-carbon renewable fuels in the Western United States, announced it has amended the terms of its senior convertible notes. The amendment reduces the monthly amortization amount due under the notes and extends the maturity date by three months from February 6, 2012 to May 6, 2012.
Second Quarter 2011 Financial Results
Thursday July 28, 2011, 1:05 pm
Neil Koehler, the company’s president and CEO, stated: “In the second quarter of 2011, Pacific
Ethanol achieved the highest revenues and gallons sold in our company’s history. We have
recorded our eighth consecutive quarter of growth in gallons sold, delivering a compound annual
growth rate of 70 percent.
Ethanol achieved the highest revenues and gallons sold in our company’s history. We have
recorded our eighth consecutive quarter of growth in gallons sold, delivering a compound annual
growth rate of 70 percent.
Pacific Ethanol to Release Second Quarter 2011 Results
Thursday July 21, 2011, 5:30 am
Pacific Ethanol, Inc. (NASDAQ: PEIX), the leading marketer and producer of low-carbon renewable fuels in the Western United States, announced it will release its second quarter 2011 financial results after the market closes on Thursday, July 28, 2011. Management will host a conference call at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time on Thursday, July 28, 2011. Neil Koehler, Chief Executive Officer, and Bryon McGregor, Chief Financial Officer, will deliver prepared remarks and conduct a slide presentation via webcast followed by a question and answer session.
Pacific Ethanol Extends and Amends Marketing and Asset Management Agreements
Wednesday July 6, 2011, 5:30 am
Pacific Ethanol announced it has amended its marketing and asset management agreements for the four ethanol production facilities the company operates and whose ethanol the company markets.
Pacific Ethanol, Inc. Applaudes E15 Label Approval
Tuesday July 5, 2011, 5:30 am
Pacific Ethanol comments on positive industry progress regarding distribution channels and corn supply.
Pacific Ethanol, Inc. Amends Senior Convertible Notes Terms
Friday July 1, 2011, 6:00 am
Pacific Ethanol, Inc. (NASDAQ: PEIXD), the leading marketer and producer of low-carbon renewable fuels in the Western United States, announced today that it has amended the terms of its senior convertible notes. The amendment relieves the company from making its monthly amortization payment due on August 1, 2011, extends the maturity date one additional month to February 6, 2012 and enables the company to continue to make payments in either cash or stock.
Pacific Ethanol Receives NASDAQ Compliance Determination
Thursday June 23, 2011, 5:30 am
Pacific Ethanol, Inc. (NASDAQ: PEIXD), the leading marketer and producer of low-carbon renewable fuels in the Western United States, announced today that it received a letter from The NASDAQ Stock Market (“NASDAQ”) on June 22, 2011, which contained a NASDAQ compliance determination that the Company has regained compliance with NASDAQ Listing Rule 5550(a)(2), which requires that listed securities maintain a minimum closing bid price of $1.00 per share.
Pacific Ethanol ‘s CEO Provides Statement Regarding Senate Votes On Ethanol Policy
Friday June 17, 2011, 5:30 am
CEO, Neil Koehler says “Yesterday’s Senate votes signal a positive legislative position toward renewable fuels”.
Pacific Ethanol, Inc. Secures Increase in Kinergy’s Credit Facility to Support Strong Sales Growth
Monday June 13, 2011, 5:30 am
Facility Increases from $20 Million to $30 Million with a $5 Million Accordion Feature
Pacific Ethanol Announces Effectiveness of One-For-Seven Reverse Stock Split
Tuesday June 7, 2011, 5:30 am
Pacific Ethanol, Inc. (NASDAQ: PEIX), the leading
marketer and producer of low-carbon renewable fuels in the Western United States, announced
today that it has filed an amendment to its Certificate of Incorporation to effect a one-for-seven
reverse stock split of its issued and outstanding shares of common stock. The reverse stock split
will be effective as to stockholders of record at 12:01 a.m. Eastern Time on Wednesday, June 8,
2011. Trading of the Company’s common stock on a split-adjusted basis is expected to begin at
the open of trading on June 8, 2011.
marketer and producer of low-carbon renewable fuels in the Western United States, announced
today that it has filed an amendment to its Certificate of Incorporation to effect a one-for-seven
reverse stock split of its issued and outstanding shares of common stock. The reverse stock split
will be effective as to stockholders of record at 12:01 a.m. Eastern Time on Wednesday, June 8,
2011. Trading of the Company’s common stock on a split-adjusted basis is expected to begin at
the open of trading on June 8, 2011.
Pacific Ethanol To Participate In The Lazard Capital Markets Alternative Energy Investor Summit
Tuesday May 17, 2011, 5:30 am
Pacific Ethanol Inc. President and CEO Neil Koehler will participate in a panel discussion titled, “Biofuels: Convergence of Biotech & Energy,” at the Lazard Capital Markets Third Annual Alternative Energy Investor Summit at the Mandarin Oriental Hotel in New York City. on Thursday, June 2,
2011 at 3:45 p.m. ET.
2011 at 3:45 p.m. ET.
Pacific Ethanol Reports First Quarter 2011 Financial Results
Wednesday May 11, 2011, 1:30 pm
Neil Koehler, the company’s president and CEO, stated: “In the first quarter of 2011, we built on
the strong foundation established in 2010 as we narrowed our loss from $11.7 million in the first
quarter of 2010 to near breakeven this quarter, despite a challenging margin environment.
the strong foundation established in 2010 as we narrowed our loss from $11.7 million in the first
quarter of 2010 to near breakeven this quarter, despite a challenging margin environment.
Pacific Ethanol to Present at the Stephens Spring Investment Conference
Tuesday May 10, 2011, 5:30 am
Pacific Ethanol, Inc. (NASDAQ: PEIX), the leading marketer and producer of low-carbon renewable fuels in the Western United States, announced today that it is scheduled to present at the Stephens Spring Investment Conference to be held at the New York Palace Hotel in New York City.
Pacific Ethanol, Inc. to Release First Quarter 2011 Results
Tuesday May 3, 2011, 5:30 am
Pacific Ethanol, Inc. (NASDAQ: PEIX), the leading marketer and producer of low-carbon renewable fuels in the Western United States, announced today that it intends to release its first quarter 2011 financial results after the market closes on Wednesday, May 11, 2011. Management will host a conference call at 8:00 a.m. Pacific Time / 11:00 a.m. Eastern Time on Thursday, May 12, 2011. Neil Koehler, Chief Executive Officer, and Bryon McGregor, Chief Financial Officer, will deliver prepared remarks and conduct a slide presentation via webcast followed by a question and answer session.
Click here to listen to the webcast.
Pacific Ethanol, Inc. Reports Fourth Quarter and Year-End 2010 Financial Results
Monday March 28, 2011, 1:10 pm
Pacific Ethanol, Inc., the leading West Coast marketer and producer of low-carbon renewable fuels, reported its financial results for the quarter and year ended December 31, 2010.
Pacific Ethanol, Inc. Announces Timing of 4th Quarter and Year End 2010 Financial Results Call
Thursday March 17, 2011, 1:30 pm
Pacific Ethanol, Inc. intends to release its fourth quarter and year end 2010 financial results post-market on Monday, March 28, 2011. Management will host a conference call at 8:00 a.m. PT/11:00 a.m. ET on Tuesday, March 29, 2011.
Pacific Ethanol Stockton Facility Successfully Resumes Operations
Wednesday January 5, 2011, 5:29 am
Pacific Ethanol, Inc, the leading West Coast marketer and producer of low-carbon renewable fuels has resumed production at the 60 million gallon per year ethanol production facility located in Stockton, CA. The first corn grind occurred on December 9th and the facility is now operating at close to operating capacity shipping ethanol and feed to local markets.