• Home
• Investors
• About
• News
• Careers
• Contact
• Site Map

Tuesday June 29, 2010

Ethanol Production Subsidiaries Exit Bankruptcy

Wednesday June 9, 2010

Ethanol Production Subsidiaries to Emerge from Bankruptcy

Thursday June 3, 2010

Pacific Ethanol, Inc. Announces Results of Annual Meeting of Stockholders

Monday April 19, 2010

Ethanol Production Subsidiaries File Amended Plan of Reorganization

Wednesday March 31, 2010

Pacific Ethanol, Inc. Announces Financial Results

Monday March 29, 2010

Ethanol Production Subsidiaries File Plan of Reorganization

Monday March 8, 2010

Pacific Ethanol Announces Agreements Designed to Satisfy $34.7 Million of Outstanding Debt

Tuesday January 26, 2010

Pacific Ethanol Receives NASDAQ Compliance Determination

Wednesday January 6, 2010

Pacific Ethanol Resumes Production At Magic Valley Facility

Wednesday November 25, 2009

Pacific Ethanol Prepares to Resume Operations At Its Magic Valley Facility

INVESTOR RELATIONS:
916-403-2755
866-508-4969
InvestorRelations@pacificethanol.net

MEDIA CONTACT:
Paul Koehler, Pacific Ethanol, Inc.
503-235-8241
paulk@pacificethanol.net

Monday May 18, 2009

Production Facility Subsidiaries File for Chapter 11 Bankruptcy Protection

Tuesday March 31, 2009

Forbearance Agreements Extended with Lenders; Company Files Annual Report on Form 10-K

Friday February 27, 2009

Forbearance Agreements Extended with Lenders; Operations at Two Production Facilites Suspended

Friday February 20, 2009

Forbearance Agreements Reached with Lenders

Friday January 9, 2009

Temporary Suspension of Madera, CA Ethanol Facility Operations

Monday November 17, 2008

Pacific Ethanol, Inc. Announces Adjustment to its 3rd Quarter 2008 Financial Results

Monday November 10, 2008

Pacific Ethanol, Inc. Announces Delay in Filing Its Form 10-Q for the 3 Months Ended Sept. 30, 2008

Monday November 10, 2008

Pacific Ethanol, Inc. Announces Third Quarter 2008 Financial Results

Tuesday November 4, 2008

Pacific Ethanol, Inc. to Announce Q3 2008 Results

Monday October 13, 2008

Ribbon-Cutting Ceremony Officially Marks the Opening of California’s Largest Ethanol Plant

Monday September 29, 2008

Pacific Ethanol Announces Commercial Operation of Stockton Ethanol Production Facility

Thursday September 25, 2008

Pacific Ethanol CEO to Present at Oppenheimer’s Industrials Conference

INVESTOR RELATIONS: 916-403-2755 866-508-4969 InvestorRelations@pacificethanol.net MEDIA CONTACT: Joseph Hansen, Pacific Ethanol, Inc. 916-403-2123 jhansen@pacificethanol.net

Monday August 11, 2008

Pacific Ethanol, Inc. Announces Second Quarter 2008 Financial Results

Monday August 4, 2008

Pacific Ethanol, Inc. to Announce FY 2008 Second Quarter Results

• Investor Relations
• Pacific Ethanol, Inc.
• (866) 508-4969

• Joseph Hansen
• Pacific Ethanol, Inc
• (916) 403-2123

Friday August 1, 2008

Kinergy Marketing Closes $40 Million Revolving Credit Facility

Sacramento, California, August 1, 2008—Pacific Ethanol, Inc. (NASDAQ GM: PEIX) today announced that its wholly-owned ethanol marketing subsidiary, Kinergy Marketing LLC, has closed a new revolving credit facility with Wachovia Capital Finance Corporation (Western).  The credit facility, which matures in three years, provides Kinergy up to $40 million of working capital, subject to limitations based on qualifying collateral. The credit facility is secured by inventory and receivables, and is guaranteed by Pacific Ethanol, Inc.  The credit facility replaces the $25 million credit facility between Kinergy and Comerica Bank entered into in August 2007.
Kinergy, a leading ethanol marketing company, engages in the marketing and distribution of ethanol primarily in the Western US on behalf of third parties and the production of its parent, Pacific Ethanol, Inc. and its subsidiaries.
Wachovia Capital Finance Corporation (Western) acted as agent and lender, Wachovia Capital Markets, LLC acted as sole lead arranger and bookrunner. 
“We are pleased to announce this financing resource, as it enhances our liquidity and supports the continued growth of our marketing business,” said Neil Koehler, President and CEO.

• Investor Relations
• Pacific Ethanol, Inc.
• (866) 508-4969
• Joseph Hansen
• Pacific Ethanol, Inc
• (916) 403-2123

Tuesday June 17, 2008

Michael D. Kandris Appointed to Pacific Ethanol, Inc. Board Of Directors

Sacramento, California, June 17, 2008—Pacific Ethanol, Inc. (NASDAQ GM: PEIX) today announced the results of its annual meeting of stockholders held on Wednesday, June 11, 2008.  Stockholders re-elected all six incumbent directors, including William L. Jones, Neil M. Koehler, Terry L. Stone, John L. Prince, Douglas L. Kieta and Larry D. Layne.
Stockholders also approved the Securities Purchase Agreement dated March 18, 2008 between Pacific Ethanol, Inc. and Lyles United, LLC.  In addition, stockholders ratified the selection of Hein & Associates LLP to continue to serve as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2008.
The company announced the appointment of Michael D. Kandris to its board of directors.  Mr. Kandris, currently serving as President, Western Division of Ruan Transportation Management Systems (RTMS), has 30 years of experience in all modes of transportation and logistics.  As President of RTMS for seven years, Mr. Kandris held responsibilities in all operational and administrative functions. 
“On behalf of the board, I am pleased to welcome Michael Kandris to Pacific Ethanol. His expertise in key aspects of our business
—transportation and logistics—will prove valuable as we continue supplying the West Coast with fuel and feed,” said Bill Jones, Chairman of the Board.

• Investor Relations
• Pacific Ethanol, Inc.
• (866) 508-4969
• Joseph Hansen
• Pacific Ethanol, Inc
• (916) 403-2123

Thursday May 29, 2008

Pacific Ethanol Closes $28.5 Million Financing

-- Pacific Ethanol closes on Registered Direct Offering of Common Stock and Warrants for gross proceeds of $28.5 million.
-- Proceeds will strengthen Company’s balance sheet and provide working capital.

Sacramento, California, May 29, 2008—Pacific Ethanol, Inc. (NASDAQ GM: PEIX) today announced that it has completed a Registered Direct Offering, which was previously announced on May 23, 2008. This transaction raised $28.5 million in gross proceeds, before deducting placement agent’s fees and estimated offering expenses, through the sale of 6.0 million units, each unit consisting of one share of common stock and one warrant to purchase 0.50 shares of common stock, at a purchase price of $4.75 per unit.  The warrants will first become exercisable after six months from the closing of the financing at a price of $7.10 per share. 
“This investment of $28.5 million immediately strengthens our balance sheet, supports Pacific Ethanol’s goal of being a low cost producer of ethanol, and positions us for continued growth of our company,” said Neil Koehler, President and CEO.

• Media Contact
• Pacific Ethanol, Inc
• (503) 490-1060
• Investor Relations
• Pacific Ethanol, Inc.
• (866) 508-4969

Friday May 23, 2008

Pacific Ethanol Announces $34.25 Million in Financings

Sacramento, California, May 23, 2008—Pacific Ethanol, Inc. (NASDAQ GM: PEIX) today announced that on May 22, 2008 it closed transactions under a Securities Purchase Agreement dated May 20, 2008 with the Company’s CEO, Neil Koehler, and several other Company insiders, including Chairman Bill Jones.  The Company sold 294,870 shares of its Series B Cumulative Convertible Preferred Stock, all of which are initially convertible into an aggregate of 884,610 shares of the Company’s common stock based on an initial three-for-one conversion ratio, and (ii) warrants to purchase an aggregate of 442,305 shares of the Company’s common stock at an exercise price of $7.00 per share, for an aggregate purchase price of $5.75 million.

The Company also announced that it has entered into definitive agreements with institutional investors to raise $28.5 million in gross proceeds, before deducting placement agent fees and estimated offering expenses, in a Registered Direct Offering through the sale of shares of its common stock and warrants.  The Company has entered into subscription agreements with these investors pursuant to which it has agreed to sell 6.0 million units, each unit consisting of one share of common stock and a warrant to purchase 0.50 shares of common stock, at a purchase price of $4.75 per unit.  The warrants will first become exercisable after six months from the closing of the financing and will provide for an exercise price of $7.10 per share.  At closing, the Company will issue 6.0 million shares of common stock and warrants to purchase 3.0 million shares of common stock.  The closing of the offering is subject to certain conditions and is scheduled to occur on or around May 29, 2008. 

Lazard Capital Markets LLC acted as sole placement agent for the Offering. 

A shelf registration statement relating to the securities the Company intends to sell has previously been declared effective by the Securities and Exchange Commission ("SEC").  This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.  Any offer will be made only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement, a copy of which may be obtained, when available, at the SEC’s website at http://www.sec.gov or from Lazard Capital Markets LLC at 30 Rockefeller Plaza, 60th floor, New York, NY 10020.

Monday May 19, 2008

Pacific Ethanol, Inc Announces First Quarter 2008 Financial Results

Sacramento, CA, May 19, 2008—Pacific Ethanol, Inc. (NASDAQ GM: PEIX), the leading West Coast-based marketer and producer of ethanol, today announced its financial results for the quarter ended March 31, 2008.

Highlights

• Net sales up 63% over Q1 of 2007 and up 24% from Q4 of 2007
• Gallons sold up 58% from Q1 of 2007 to 59.2 million gallons
• Loss per diluted share of $0.90, which includes a non-cash goodwill impairment net of noncontrolling interests of $0.96 per share
• SG&A as percentage of net sales improved 37% to 6.1% from 9.6% in Q1 of 2007
• EBITDA grew 159% to $12.4 million for the quarter from $4.8 million for Q1 of 2007
• Burley, Idaho plant completed start up

Three Months Ended March 31, 2008
For the quarter ended March 31, 2008, the Company reported net sales of $161.5 million, an increase of $62.3 million, or 63%, compared to $99.2 million for the same period in 2007. This increase in net sales is primarily due to a substantial increase in sales volume, which was partially offset by lower average sales prices. The Company’s sales volume increased by 21.7 million gallons, or 58%, to 59.2 million gallons, compared to 37.5 million gallons for the same period in 2007. The Company’s average sales price of ethanol decreased by $0.04 per gallon, or 2%, to $2.30 per gallon compared to an average sales price of $2.34 per gallon in the first quarter of 2007.

Average corn prices rose significantly in the three months ended March 31, 2008 as compared to the same period in 2007. The Company partially offset increased corn costs with derivative gains of $2.2 million for the three months ended March 31, 2008 as compared to a loss of $303,000 from derivatives for the three months ended March 31, 2007. Gross profit for the first quarter of 2008 totaled $15.7 million compared to $15.3 million in the first quarter of 2007. The Company’s gross margin was 9.7% for the three months ended March 31, 2008 compared to 15.4% in the same period in 2007.

The Company completed its annual goodwill impairment test as of March 31, 2008. With the overall softening in the ethanol industry since the Company’s acquisition of its interest in Front Range Energy, LLC, market valuations indicated impairment of goodwill. As a result, the Company recorded a non-cash goodwill impairment of $87.0 million. Of this amount $48.4 million relates to noncontrolling interests of the Company’s variable interest entity, resulting in net goodwill impairment of $38.6 million, which is included in the Company’s net loss for the first quarter of 2008.

The Company’s net loss for the first quarter of 2008 was $35.2 million compared to net income of $3.0 million for the first quarter of 2007. Loss available to common stockholders for the first quarter of 2008 was $36.3 million compared to $1.9 million for the first quarter of 2007. The Company reported loss per common share of $0.90 for the first quarter of 2008 as compared to income per common share of $0.05 for the same period in 2007. The loss per share for the first quarter of 2008 includes a non-cash goodwill impairment of $0.96 per share. The Company’s weighted-average number of diluted shares outstanding for the first quarter of 2008 totaled 40.1 million. 

The Company’s CEO, Neil Koehler, observed that “We achieved record sales and are pleased to report solid operational results for the first quarter.  Our Madera, Columbia and the Front Range facilities continue to produce over design basis and our Magic Valley plant has successfully completed start up.  We continued to hold overhead costs relatively steady from the first quarter of 2007, even as we experience ongoing dynamic growth. Our destination model has increased the availability of renewable fuels and high quality feed products in the Western US.  With high oil prices and limited expansion possibilities in oil production, we are providing a critically needed and valuable transportation fuel to the marketplace.”

Reconciliation of EBITDA to Net Income (Loss)
This press release contains, and the Company’s conference call will include, references to unaudited earnings before interest, taxes, depreciation and amortization, including goodwill impairment ("EBITDA"), a financial measure that is not in accordance with generally accepted accounting procedures ("GAAP").  The table set forth below provides a reconciliation of EBITDA to net income (loss). Management believes that EBITDA is a meaningful measure of liquidity and the Company’s ability to service debt because it provides a measure of cash available for such purposes. Additionally, management provides an EBITDA measure so that investors will have the same financial information that management uses with the belief that it will assist investors in properly assessing the Company’s performance on a period-over-period basis.  EBITDA is not a measure of financial performance under GAAP, and should not be considered an alternative to net income or any other measure of performance under GAAP, or to cash flows from operating, investing or financing activities as an indicator of cash flows or as a measure of liquidity.  EBITDA has limitations as an analytical tool and you should not consider it in isolation or as a substitute for analysis of the Company’s results as reported under GAAP.

Earnings Call
The Company will host a live conference call and webcast today at 10:00 AM EDT / 7:00 AM PDT.  Neil Koehler, Chief Executive Officer, and Joseph Hansen, Chief Financial Officer, will host the call.

To listen to the conference call, United States callers may dial 866-356-4279.  International callers may dial 617-597-5394.  All callers should enter access code 64712247.

A link to the live audio webcast of the Company’s earnings conference call may be found on the Company’s website at www.pacificethanol.net.

Approximately one hour after the conclusion of the call, an audio replay of the call will be available. To listen to the replay, United States callers may dial 888-286-8010.  International callers may dial 617-801-6888.  All callers should enter access code 17981767.  The replay will be available through June 3, 2008.

Consolidated Statements of Operations Q1_2008_tables.pdf


• Investor Relations
• Pacific Ethanol, Inc.
• (866) 508-4969
• Joseph Hansen
• Pacific Ethanol, Inc
• (916) 403-2123

Friday May 16, 2008

Magic Valley, Idaho Plant Grand Opening

Pacific Ethanol’s Magic Valley, Idaho plant celebrated its grand opening on May 16th, 2008. The plant represents a major boost to the local economy as well as a significant source of high quality livestock feed and transportation fuel.  Watch the video to hear what Idaho’s governor and others have to say about the future of ethanol.

Tuesday April 29, 2008

Pacific Ethanol Announces Commercial Operation For Idaho’s First Major Transportation Fuel Refinery

Idaho Governor C.L. “Butch” Otter To Join Pacific Ethanol In Celebrating The plant’s Grand Opening On May 16th

Sacramento, CA, April 29, 2008—Pacific Ethanol, Inc. (NASDAQ GM: PEIX), the largest West Coast-based marketer and producer of ethanol, today announced start-up is complete at its Magic Valley production facility in Burley, Idaho.  The company also released details of the opening ceremony for plant.

What: Grand Opening of Pacific Ethanol’s Magic Valley Production Facility

When: Friday, May 16, 2008 10:00 AM

Where: 2600 Washington Avenue, Burley, Idaho


Neil Koehler, CEO and President of Pacific Ethanol, observed “This site expands our production footprint to new markets in the Western United States.  We’ve succeeded in the plant’s start up and are now able to produce enough ethanol to meet the renewable fuel needs of the entire state of Idaho, assuming a ten percent ethanol blend.  We look forward to the opening ceremony with Governor Otter, who also joined us last year in Burley for the plant’s groundbreaking.”

The 60 million gallon per year Burley facility is located on 177 acres, with access to the Union Pacific Railroad, Eastern Idaho Railroad, and Interstate 84.  Burley is in the Magic Valley region of Idaho, where a resident population of over 300,000 dairy cattle and 100,000 feedlot cattle provide a ready local market for a key co-product of ethanol, wet distiller’s grain (WDG), a high protein feed source.  The plant will process 21 million bushels of corn per year, producing both ethanol and 500,000 tons of WDG annually.  According to the Idaho Department of Commerce, this project has created $7.2 million in additional household income in Cassia County.

Friday April 25, 2008

CEO Neil Koehler appears on CNBC’s Fast Money

Monday March 31, 2008

CEO Neil Koehler Appears on Fox Business News

Thursday March 27, 2008

Pacific Ethanol Closes $40 Million Equity Investment by Lyles United, LLC

Company Obtains Necessary Waivers on Credit Agreement
Sacramento, California, March 27, 2008—Pacific Ethanol, Inc. (NASDAQ GM: PEIX) today announced that it has closed the transactions contemplated under its Securities Purchase Agreement dated March 18, 2008 with Lyles United, LLC.  The Company sold (i) 2,051,282 shares of its Series B Cumulative Convertible Preferred Stock, all of which are initially convertible into an aggregate of 6,153,846 shares of the Company’s common stock based on an initial three-for-one conversion ratio, and (ii) a warrant to purchase an aggregate of 3,076,923 shares of the Company’s common stock at an exercise price of $7.00 per share, for an aggregate purchase price of $40 million.
In addition, the Company received waivers from its lenders as to defaults under its Credit Agreement.
“We are very pleased to extend our strategic relationship with the Lyles Companies with a $40 million equity investment in Pacific Ethanol.  The investment shows confidence in our strategy, immediately strengthens our balance sheet, and keeps us on track to achieve our annual operating capacity goal of 220 million gallons in 2008,” said Neil Koehler, President and CEO. 
Additional information on the equity investment and the waivers can be found in the Company’s Forms 8-K and 10-K filed today with the Securities and Exchange Commission.

Earnings Call
The Company will host a live conference call at 10:00 AM EST on March 31, 2008.  To listen to the conference call by phone, United States callers may dial 866-383-8003. International callers may dial 617-597-5330. All callers should enter access code 20892643.

A link to the live audio webcast of the Company’s earnings conference call can be found on the Company’s website at www.pacificethanol.net.

Approximately one hour after the conclusion of the call, an audio replay of the call will be available. To listen to the replay by phone, United States callers may dial 888-286-8010.  International callers may dial 617-801-6888.  All callers should enter access code 27767518.  The replay will be available through April 14, 2008.


Monday March 10, 2008

Pacific Ethanol, Inc Announces Delay in Reporting 4Q Results But Will Host Conference Call 3/31/08

Sacramento, California, March 10, 2008 --Pacific Ethanol, Inc. (NASDAQ GM: PEIX) today announced a delay in the filing of its Annual Report on Form 10-K for the year ended December 31, 2007. As a result, the Company will file a Form 12b-25 with the U.S. Securities and Exchange Commission for an automatic extension of time to file the Form 10-K and will make the filing by March 31, 2008.

The Company also announced it will release its fiscal year 2007 results pre-market on Monday, March 31, 2008.  The Company will host a live conference call and webcast at 10:00 AM EDT / 7:00 AM PDT on Monday, March 31, 2008.  Neil Koehler, Chief Executive Officer, and Joseph Hansen, Chief Financial Officer, will host the call.

Please check the company’s website at www.pacificethanol.net for details of the call, webcast and replay.


Monday February 11, 2008

Biofuels and Land Use Changes: Recent Reports Fundamentally Flawed

Recent reports have attempted to determine the environmental consequences of land use changes around the world. In doing so, several have chosen to single out biofuels as contributors to a “carbon debt”. These analyses are fundamentally flawed because:

-- The reports attribute “secondary land use impacts” to biofuels that are not supportable;
-- The reports fail to account for ongoing improvements in agricultural yields and technology improvements in biofuel production; and
-- The reports fail to account for upstream environmental impacts of oil extraction.

The current first-generation biofuels (corn-based ethanol and soy-based biodiesel) are not perfect and alone will not solve all of our problems, but what is clear is that current and future use of renewable fuels reduce carbon compared to conventional gasoline. In addition, the environmental performance of biofuels continues to improve and the next generation of biofuels based on agriculture and other wastes will provide even further CO2 reductions.  Pacific Ethanol is the leading producer and marketer of low carbon fuel in the Western United States and a leader in the development of cellulosic ethanol and other next generation fuels.

“Secondary Land Use Impacts”—A Flawed Concept
The reports assert that increasing production of biofuels in the US is driving destruction of ecosystems in South America and Asia for food production and attributes a carbon debt to biofuels from the clearcutting of rainforests and cultivation of native ecosystems. This assertion is based on assumptions and models that are not and cannot be verified. This “Secondary Land Use Impacts” assumption counters all current, verified analyses showing substantial greenhouse gas emission reductions for biofuels.

Why should US-based corn ethanol, other crop-based biofuels, or advanced cellulosic fuels take a carbon hit for international land use changes for food or housing or other non-fuel related production? By that logic:

-- Any US farmland not growing food crops is creating a carbon debt by increasing demand for international food production—What are the “secondary land use impacts” of US grass seed farmers? Or tobacco farmers? Or nursery owners? Or cotton, tomatoes grapes and a myriad of other non-food related agricultural acreage in the US?
-- Every new subdivision and greenfield commercial, industrial or residential development creates a carbon debt by taking potential food-producing land out of production and shifting that demand to sensitive, international native ecosystems; and
-- Any effort in the US to protect ancient forests or native ecosystems creates a carbon debt by increasing demand for international sources of wood products.

Any analysis that shifts away from a life cycle analysis of the carbon potential for a single product or fuel and attempts to distribute carbon potential to “secondary” or “tertiary” impacts will create a dead-end, through-the-looking-glass scenario that is inaccurate and unworkable.

The real implication of accepting “secondary land use impacts” is an on-going dependence on CO2 intensive, polluting, imported fossil fuels. Inclusion of secondary impacts is the wrong approach—each product should stand on its own.

It’s Not Acre for Acre—Productivity Gains Means We Get More From Less
The analyses of land use impacts assume that for every acre of land dedicated to renewable energy feedstocks, another acre of land must be put into production elsewhere in the world. This assumption is flawed for several reasons:

-- It fails to account for advances in seed and processing technology that are providing greater yields for each acre of feedstock.
Corn acreage in the US peaked in 1917 with 116 million acres planted, compared to 93 million acres in 2007. During that period yields have increased by more than 1 bushel/acre/year, from 29 bushels/acre to 200 bushels/acre. This year the US will harvest more than 10 billion bushels of corn, and exports are rising, so certainly US corn ethanol production is not causing a need for increased grain production in the world.

-- It ignores the value of the feed co-products that are produced at today’s biorefineries.
The food value of corn is not lost in ethanol production—distillers grain is a high protein, high nutrient co-product that is sold back into the food market.

-- It inappropriately assigns all of the impact to growth in renewable fuels, ignoring the effects of a growing world economy, increased demand for food, and urban sprawl.


The Environmental Impacts of Fossil Fuels are Increasing
The reports fail to account for the fact that every gallon of biofuel produced today requires less land, requires less water and is less energy intensive than a decade ago, while the opposite is true for oil production. Every new gallon of oil produced is more energy intensive and requires much more water than before.

The “easy” sources of oil have been found and are being depleted. What is left are more remote, costlier and more environmentally damaging nontraditional sources like Canadian tar sands or Rocky Mountain oil shale. By failing to capitalize on the opportunity renewable fuels offer to begin breaking our adherence to the oil standard, the world would be forced to develop these nontraditional sources of oil that carry significant environmental price tags.

Even traditional sources of oil have steep environmental costs that are not accounted for in the land use reports. Where is the accounting for oil drilling in the Amazon? Oil spills in San Francisco Bay? Or asthma deaths from air pollution?

To Hear What Others Have to Say, Visit These Links:

Renewable Fuels Association

25 X 25

Tuesday January 29, 2008

Pacific Ethanol Wins DOE Cellulosic Energy Grant

January 28, 2008,—Sacramento, CA—Pacific Ethanol, Inc. (NASDAQ:PEIX), the largest West Coast-based marketer and producer of ethanol, today announced the U.S. Department of Energy has included Pacific Ethanol in a matching award totaling $24.32 million to build the first cellulosic ethanol demonstration plant in the Northwest United States.  The plant will employ a technology to produce ethanol from wheat straw, wood chips and corn stover and will be co-located at the site of Pacific Ethanol’s existing corn-based ethanol facility in Boardman, Oregon.  Pacific Ethanol’s partners in winning this competitive process are, BioGasol ApS and the Joint BioEnergy Institute (Lawrence Berkley National Laboratory and Sandia National Laboratory).  BioGasol ApS has developed the proprietary technology and the Joint BioEnergy Institute will be providing support and specific research and development on enzyme technology.

The pilot plant, which will be designed to produce 2.7 million gallons of ethanol annually, will demonstrate the potential of a technology developed by BioGasol ApS to produce ethanol from a diverse mixture of biomass that is readily available in the area of the Boardman plant.  Current plans call for the plant’s completion in 4th quarter 2009 and matching criteria will include in-kind contributions that will be finalized with further negotiations with the Department of Energy.

“We are pleased to be working with the DOE, BioGasol and the Joint Bioenergy Institute on commercially demonstrating cellulose to ethanol production technology,” said Neil Koehler, CEO of Pacific Ethanol. “Pacific Ethanol is committed to being a leader in developing new methods to convert a variety of biomass resources into ethanol.  Success in this industry-wide effort to commercialize cellulose to ethanol technology will allow our country to replace a significant proportion of imported oil with US produced renewable resources and reduce CO2 emissions by millions of tons annually, delivering long term value to the economy, the environment and our shareholders.”

“Our strategy of destination plants has always been to exploit the vast amounts of biomass that are available for use in the regions where we operate.  Our objective is to utilize a successful cellulosic demonstration plant to scale up the technology throughout our network of production facilities,” Koehler added.

Birgitte Ahring, CEO of BioGasol added, “The sustainability and flexibility of our process technology could set the standard for second generation biofuels production. The cost effectiveness of our proprietary process concept has already been validated in pilot plant scale and we believe that the future production cost can be competitive with other transportation fuels when the technologies are fully matured. The DOE grant gives us an excellent opportunity to bring our process concept one step closer to commercial viability and we look forward to working with Pacific Ethanol and DOE’s Joint BioEnergy Institute to realize the full potential of this project.”

About BioGasol ApS
BioGasol ApSs is an engineering and biotechnology company founded in January 2006 to commercialize cellulosic ethanol production technology validated in a pilot facility at the Denmark Technology University in Copenhagen. The BioGasol process utilizes proprietary process technologies and equipment designs and process technology throughout the pre-treatment, fermentation and methane production units.  BioGasol is already engaged in a demonstration plant in Denmark - the BornBioFuel ("BBF") project - where BioGasol will build own and operate a feedstock flexible plant that uses local available agricultural residues and other low cost cellulosic feedstocks.  Construction of BBF has already started and the first ethanol will be produced from this plant in early 2009.

About the Joint Bioenergy Institute (JBEI)
The federally funded research center Joint Bioenergy Institute (JBEI) draws on the expertise and
capabilities of three national laboratories (Lawrence Berkeley National Laboratory, Sandia National Laboratories and Lawrence Livermore National Laboratory) and three leading US universities (University of California campuses at Berkeley and Davis and the Carnegie Institute at Stanford) to create the transformational discoveries needed to convert the energy stored in lignocellulose into renewable biofuels. Established scientists from the participating organizations lead teams of researchers to solve the key scientific problems in converting lignocellulosic biomass into transportation fuels and other important chemicals, to develop the tools and infrastructure that will enable other researchers and companies to more rapidly develop new biofuels and scale production to meet US transportation needs, and to develop and rapidly transition new technologies to the commercial sector.

• Tom Koehler
• Pacific Ethanol, Inc
• (503) 235-8251

Friday December 21, 2007

Pacific Ethanol Announces Appointment of Larry D. Layne to Board of Directors

Sacramento, CA, December 21, 2007-- Pacific Ethanol, Inc. (NASDAQ GM: PEIX), the largest West Coast-based marketer and producer of ethanol, today announced the appointment of Larry D. Layne to its board of directors.  Mr. Layne is the retired Vice Chairman of Sanwa Bank in California.  His 37-year tenure at Sanwa Bank and its predecessor, Lloyd"s Bank California, included heading the Commercial Banking Group and serving as Chairman of the Board of The Eureka Funds, a family of investment funds with total assets of $900 million.

Bill Jones, Chairman of the Board, said, “On behalf of the board, I am delighted to welcome Larry Layne. His deep experience in commercial banking and finance will prove invaluable as we continue to work to build on Pacific Ethanol’s position as the largest producer and marketer of ethanol in the Western United States.”


• Tom Koehler
• Pacific Ethanol, Inc
• (503) 235-8251
• Investor Relations
• Pacific Ethanol, Inc.
• 866-508-4969

Thursday December 20, 2007

Neil Koehler Comments on the New US Energy Policy

Monday December 17, 2007

Pacific Ethanol, Inc. Announces Appointment of Joseph Hansen As Chief Financial Officer

Sacramento, CA, December 17, 2007—Pacific Ethanol, Inc. (NASDAQ GM: PEIX), the largest West Coast-based marketer and producer of ethanol, today announced the appointment of Joseph Hansen as Chief Financial Officer, effective January 2, 2008. 

Mr. Hansen, age 59, has over 20 years of financial and accounting experience with both public and private companies.  Formerly, Mr. Hansen served as Chief Financial Officer of JosephScott Properties, Inc., National RV Holdings Inc.(NVH:NYSE), and Zacky Farms Co.  His financial and risk management expertise includes experience in grain and commodity markets and transportation related businesses.  Mr. Hansen is a CPA and an attorney.  He holds a J.D. from Tulane University School of Law, an L.L.M.-Taxation from the NYU Graduate School of Law, and a BBA in Accounting from the University of Wisconsin - Madison. 

CEO Neil Koehler noted that, “Pacific Ethanol is delighted to announce the appointment of Joe Hansen. He’s a seasoned professional with the ideal mix of financial reporting, strategic planning and risk management experience - particularly in commodities - that are crucial areas of expertise as we continue to implement our strategic growth plans.”


• Tom Koehler
• Pacific Ethanol, Inc
• (503) 235-8251
• Investor Relations
• Pacific Ethanol, Inc.
• 866-508-4969

Monday December 10, 2007

Pacific Ethanol, Inc. Suspends Construction of Imperial Valley Ethanol Project

Sacramento, CA, December 10, 2007—Pacific Ethanol, Inc. (NASDAQ GM: PEIX), the largest West Coast-based marketer and producer of ethanol, today announced that it has suspended construction of its Imperial Valley project near Calipatria, California until market conditions improve.

Neil Koehler CEO observed, “We remain committed to completing our ethanol project in Imperial Valley. However, given current ethanol market conditions we feel it is prudent and strategic to suspend construction until the market improves.

Our Stockton and Magic Valley plants remain under construction, and in addition to our existing production capacity, we remain on target to attain our production capacity goal of 220 million gallons in 2008.”


• Tom Koehler
• Pacific Ethanol, Inc
• (503) 235-8251
• Investor Relations
• Pacific Ethanol, Inc.
• 866-508-4969

Thursday November 8, 2007

Pacific Ethanol, Inc. Announces Third Quarter 2007 Financial Results

Friday November 2, 2007

Pacific Ethanol, Inc. to Announce FY 2007 Third Quarter Results

The Company will host a live conference call and webcast at 10:00 AM EST / 7:00 AM PST on Friday, November 9, 2007.  Neil Koehler, Chief Executive Officer, and John Miller, Chief Operating Officer and acting Chief Financial Officer, will host the call.

To listen to the conference call by phone, US callers may dial 800.561.2601.  International callers may dial 617.614.3518.  All callers should enter access code 63671086.

A live webcast can be accessed on Pacific Ethanol’s web site at www.pacificethanol.net.  A replay will be available beginning approximately two hours after conclusion of the call. Information regarding replay availability will be included in the earnings release. The webcast will be archived after conclusion of the call.


Friday October 12, 2007

Pacific Ethanol Announces Resignation of Daniel Sanders From Board of Directors

Sacramento, CA, October 12, 2007-- Pacific Ethanol, Inc. (NASDAQ GM: PEIX), the largest West Coast-based marketer and producer of ethanol, today announced that Daniel A. Sanders, founder and majority owner of Front Range Energy, LLC has stepped down from the Board of Directors effective October 8th.

Mr. Sanders said, “While I will continue to be a partner of the company and to have an abiding interest in Pacific Ethanol’s long term success, my personal desire to scale back business responsibilities generally prevents me from devoting the time to the Board that the company deserves.”

Chairman Bill Jones noted, “As the majority owner of Front Range, Dan Sanders will remain a business partner and strong supporter of the Company. He has provided valued contributions to the Company and the Board for which we are grateful.”

Pacific Ethanol, Inc. announced on October 17, 2006 its acquisition of 42% of Front Range, which owns an ethanol plant in Windsor, Colorado with a current annual production rate of 47 million gallons.


Friday October 5, 2007

Pacific Ethanol Announces Board Member Resignation

Sacramento, CA, October 05, 2007—Pacific Ethanol, Inc. (NASDAQ GM: PEIX), the largest West Coast-based marketer and producer of ethanol, today announced that Robert Thomas has stepped down from the Board of Directors effective October 1st. 

Chairman Bill Jones noted, “Robert Thomas provided valuable experience and insight as Pacific Ethanol was establishing its presence in the capital markets and as a publicly traded company. We wish him well as we look to fill this Board vacancy with an individual who will bring equally strong expertise and qualifications.”


Thursday September 27, 2007

Pacific Ethanol Announces Commercial Operation for Oregon’s First Major Transport Fuel Refinery

Sacramento, CA, September 27, 2007—Pacific Ethanol, Inc. (NASDAQ GM: PEIX), the largest West Coast-based marketer and producer of ethanol, today announced details of the opening ceremony for its plant in Boardman, Oregon. Details of the event are listed below.

WHAT: Grand Opening of Pacific Ethanol’s 40 Million Gallon/Year Production Facility

WHEN: Friday, October 5, 2007 11:00 AM

WHERE: Port of Morro, 71335 Rail Loop Drive Boardman, Oregon

Neil Koehler, CEO and President of Pacific Ethanol, observed,"We’ve had a very successful start up and now are running at levels above design capacity. We look forward to the opening ceremony with Governor Kulongoski who championed Oregon’s progressive Renewable Fuels Standard and Congressman Greg Walden who has been a tireless advocate for rural economic development and natural resource based industries.”

Pacific Ethanol’s new 40 million gallon per year production facility in Boardman, provides ethanol to meet the current City of Portland’s Renewable Fuels Standard (RFS) and will help supply fuel for the implementation of Oregon’s upcoming RFS slated to begin January 1, 2008.  In addition to supplying the Northwest fuel markets, the plant produces 350,000 tons of wet distillers grains, an important feed ingredient to Northwest dairy and beef producers. 

Friday September 7, 2007

CNBC Interview with C.E.O Neil Koehler

Thursday August 23, 2007

“Ethanol is Part of the Solution. Not The Problem”

Wednesday August 8, 2007

Pacific Ethanol, Inc. Announces Second Quarter 2007 Financial Results

Thursday August 2, 2007

FY 2007 Second Quarter Results: Conference Call and Web Cast August 9th, 2007

Sacramento, California, August 2, 2007, Pacific Ethanol, Inc. (NASDAQ GM: PEIX) today announced it will release its fiscal year 2007 second quarter results after market close on Wednesday, August 8, 2007.

The Company will host a live conference call and webcast at 10:00 AM EST / 7:00 AM PST on Thursday, August 9, 2007.  Neil Koehler, Chief Executive Officer, and John Miller, Chief Operating Officer and Acting Chief Financial Officer, will host the call.

Please check the company’s website at www.pacificethanol.net for details of the call, webcast and replay.


Wednesday July 18, 2007

Pacific Ethanol, Inc. Accepts Resignation of CFO

Sacramento, CA July 18, 2007-- Pacific Ethanol, Inc. (NASDAQ GM: PEIX), the largest West Coast-based marketer and producer of ethanol, today announced the resignation of CFO Douglas Jeffries, effective immediately.  Jeffries, who assumed the CFO post on June 4th of this year, expressed a desire to return to work in the technology sector.

Pacific Ethanol’s Board of Directors has approved the appointment of COO John Miller as acting CFO while a search is conducted for a permanent CFO.  Mr. Miller was acting CFO prior to Jeffries’ appointment. 

CEO Neil Koehler noted that, “We wish Doug well in his future pursuits. We continue to effectively implement our dynamic growth plan.  We look forward to filling the position with a seasoned professional as soon as possible.”


Friday June 22, 2007

Pacific Ethanol Announces Results of Annual Stockholders Meeting

Sacramento, CA, June 22, 2007 - Pacific Ethanol, Inc.  (NASDAQ GM: PEIX), today announced the results of its annual meeting of stockholders held on Thursday, June 21, 2007.  Stockholders re-elected all seven incumbent directors, including William L. Jones, Neil M. Koehler, Douglas L. Kieta, John L. Prince, Daniel A. Sanders, Terry L. Stone and Robert P. Thomas.

Stockholders also ratified the selection of Hein & Associates LLP to continue to serve as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2007.

Friday June 8, 2007

Pacific Ethanol Files Shelf Registration Statement

PACIFIC ETHANOL FILES SHELF REGISTRATION STATEMENT

Sacramento, CA, June 8, 2007—Pacific Ethanol, Inc. (NASDAQ GM: PEIX), the largest West Coast-based marketer and producer of ethanol, today announced that it has filed a shelf registration statement with the Securities and Exchange Commission (SEC) that, if declared effective by the SEC, would allow the Company to sell, from time to time, up to $250 million of its common stock in one or more offerings. While the Company does not have any present intention to use the shelf registration statement, the shelf registration statement is intended to give Pacific Ethanol greater flexibility to take advantage of favorable market conditions as they may arise. The Company is not required to offer or sell its common stock in the future under the shelf registration statement.  The terms of any offering under the shelf registration statement will be established at the time of the offering.

The Company generally expects to use the net proceeds from any sale of common stock under the shelf registration statement for general corporate purposes, including application of the proceeds to its ethanol plant construction program and acquisitions of ethanol production assets.  However, proceeds from the sale of common stock under the shelf registration statement will be used for the purposes described in a prospectus supplement filed at the time of an offering.

The shelf registration statement has not yet become effective. The common stock offered by the Company under the shelf registration statement may not be sold, nor may offers to buy the common stock be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the common stock in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Any offering may be made only by means of prospectus and a related prospectus supplement.

If declared effective by the SEC, the shelf registration statement would enable Pacific Ethanol to raise funds from the offering through underwriters, agents, dealers or by sales to direct purchasers, subject to market conditions and the Company’s capital needs.

About Pacific Ethanol, Inc.
Pacific Ethanol is the largest West Coast-based marketer and producer of ethanol. Pacific Ethanol has an ethanol plant in Madera, California, and has four additional plants under construction in Boardman, Oregon; Burley, Idaho; in the Imperial Valley near Calipatria, California; and in Stockton, California. Pacific Ethanol also owns a 42% interest in Front Range Energy, LLC which owns an ethanol plant in Windsor, Colorado. Central to its growth strategy is its destination business model, whereby each respective ethanol plant achieves lower process and transportation costs by servicing local markets for both fuel and feed. In February 2007, Pacific Ethanol obtained a $325 million credit facility to provide financing for its first five ethanol production facilities. Pacific Ethanol’s goal is to achieve 220 million gallons per year of ethanol production capacity by the middle of 2008 and to increase total production capacity to 420 million gallons per year by the end of 2010. In addition, Pacific Ethanol is working to identify and develop other renewable fuel technologies, such as cellulose-based ethanol production and bio-diesel.

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 are forward-looking statements 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, the ability of Pacific Ethanol to successfully cause its shelf registration statement to become effective with the SEC; the ability of Pacific Ethanol to successfully and timely complete, in a cost-effective manner, construction of its four ethanol plants under construction; the ability of Pacific Ethanol to obtain all necessary financing to complete the construction of its other planned ethanol production facilities; the ability of Pacific Ethanol to timely complete its ethanol plant build-out program and to successfully capitalize on its internal growth initiatives; the ability of Pacific Ethanol to operate its plants at their planned production capacities; the price of ethanol relative to the price of gasoline; and the factors contained in the ‘’Risk Factors’’ section of Pacific Ethanol’s Form 10-K filed with the Securities and Exchange Commission on March 12, 2007.

####


Wednesday May 9, 2007

Pacific Ethanol, Inc. Announces First Quarter 2007 Financial Results

Sacramento, CA, May 9, 2007 - Pacific Ethanol, Inc. (NASDAQ GM: PEIX), the largest West Coast-based marketer and producer of ethanol, today announced its financial results for the quarter ended March 31, 2007.

Wednesday May 2, 2007

May 2007 Investment Conferences

Wednesday May 2, 2007

2007 1st Quarter Results

Wednesday March 14, 2007

Stockton, California Plant Groundbreaking

Monday March 5, 2007

Calipatria, California Plant Groundbreaking

Thursday March 1, 2007

4th Quarter and Year-end Results

Wednesday February 28, 2007

$325 Million Senior Secured Credit Facility

Tuesday February 27, 2007

2006 Results Conference Call/Webcast

Friday January 26, 2007

CBS News Sacramento Profile

Tuesday January 16, 2007

Burley, Idaho Plant Groundbreaking

Thursday January 11, 2007

Commitment For $325 Million Of Senior Secured Credit

Monday November 27, 2006

CEO Neil Koehler to Present at Two Key Conferences

Monday November 20, 2006

2006 3rd Quarter Results

Wednesday November 15, 2006

Delay in 3rd Quarter Reporting

Monday October 23, 2006

PEI Announces Appointment of Daniel A. Sanders to Board

Tuesday October 17, 2006

Front Range Energy, LLC

Monday October 9, 2006

Madera, California Plant Completion

Friday August 18, 2006

2006 2nd Quarter Results

Thursday July 13, 2006

Schwarzenegger: Ethanol’s Essential Role

Thursday July 13, 2006

Governor Schwarzenegger Tours Plant

Monday June 26, 2006

COO and General Counsel Appointments

Tuesday June 13, 2006

Completion of 40MM gallon facility in Colorado

Friday May 26, 2006

$145 Million Private Placement Highlights

Tuesday May 9, 2006

Boardman, Oregon Plant Construction

Monday April 17, 2006

$84 Million Equity Investment; $34 Million Debt Financing

Tuesday January 31, 2006

Madera Plant Financing

Tuesday January 3, 2006

2006 Annual Stockholders’ Meeting

Tuesday November 15, 2005

$84 Million Investment by Cascade Investment L.L.C.

Tuesday November 15, 2005

3rd Quarter Form 10-QSB

Friday October 21, 2005

Future Ethanol Plants; Expiration of Phoenix Bio-Industries Purchase Agreement

Monday October 10, 2005

Pacific Ethanol listed on Nasdaq

Wednesday September 7, 2005

Kinergy Marketing Signs Ethanol Marketing Agreement

Tuesday August 16, 2005

2nd Quarter Form 10-QSB

Thursday August 11, 2005

Agreement to Purchase California’s First Large-Scale Ethanol Plant

Thursday July 28, 2005

California State Board of Food and Agriculture Forum

Wednesday July 20, 2005

PEI’s Production Guarantees Refute Pimentel Study

Wednesday July 20, 2005

Production Guarantee Numbers Show Overwhelming Positive Energy Balance

Wednesday June 22, 2005

Pacific Ethanol Added To 3 Russell Indices

Thursday March 31, 2005

Bill Jones Appointed Director and Chairman of Pacific Ethanol, Inc.

Thursday March 24, 2005

Pacific Ethanol, Inc. Completes Share Exchange with Accessity Corp.

Monday May 17, 2004

Accessity Corp. to Acquire Pacific Ethanol, Kinergy Marketing and Re-Energy

Wednesday April 7, 2004

Pacific Ethanol Receives Air Permits for Madera Plant

Wednesday June 25, 2003

Pacific Ethanol Closes Escrow on Grain Facility for Ethanol Plant

Saturday April 12, 2003

Pacific Ethanol, Inc. First to Announce Ethanol Plans in California

Friday February 14, 2003

Pacific Ethanol to acquire Kinergy Marketing, LLC. and Re-Energy, LLC.

About Pacific Ethanol, Inc.

Pacific Ethanol is the largest West Coast-based marketer and producer of ethanol.  Pacific Ethanol has ethanol plants in Madera, California; Boardman, Oregon; and Burley, Idaho and has an additional plant under construction in Stockton, California.  Pacific Ethanol also owns a 42% interest in Front Range Energy, LLC which owns an ethanol plant in Windsor, Colorado. Central to Pacific Ethanol’s growth strategy is its destination business model, whereby each respective ethanol plant achieves lower process and transportation costs by servicing local markets for both fuel and feed.  Pacific Ethanol’s goal is to achieve 220 million gallons per year of ethanol production capacity in 2008 and to increase total production capacity to 420 million gallons per year in 2010.  In addition, Pacific Ethanol is working to identify and develop other renewable fuel technologies, such as cellulose-based ethanol production and bio-diesel.

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 are forward-looking statements 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, the ability of Pacific Ethanol to successfully and timely complete, in a cost-effective manner, construction of its ethanol plants under construction; the ability of Pacific Ethanol to obtain all necessary financing to complete the construction of its other planned ethanol production facilities; the ability of Pacific Ethanol to timely complete its ethanol plant build-out program and to successfully capitalize on its internal growth initiatives; the ability of Pacific Ethanol to operate its plants at their planned production capacities; the price of ethanol relative to the price of gasoline; the effect of federal and state governmental regulations on the demand for ethanol; and the factors contained in the “Risk Factors” section of Pacific Ethanol’s Form 10-K filed with the Securities and Exchange Commission on March 27, 2008.

up to top