Profile: Pacific Ethanol Inc (PEIX.W)
6 Dec 2013
Pacific Ethanol, Inc. (Pacific Ethanol), incorporated in March 2005, is a marketer and producer of low-carbon renewable fuels in the Western United States. Pacific Ethanol markets all the ethanol produced by four ethanol production facilities located in California, Idaho and Oregon, or the Pacific Ethanol Plants, all the ethanol produced by three other ethanol producers in the Western United States and ethanol purchased from other third-party suppliers throughout the United States. It also markets ethanol co-products, including wet distiller’s grains and syrup (WDG), for the Pacific Ethanol Plants. The Company holds a 34% ownership interest in New PE Holdco LLC (New PE Holdco), the plant owners, which collectively own the Pacific Ethanol Plants. The Company's ethanol customers are integrated oil companies and gasoline marketers who blend ethanol into gasoline. In July 2012, it acquired an additional 33% ownership interest in New PE Holdco LLC, the owner of the Pacific Ethanol plants.
The Company operates and maintains the Pacific Ethanol Plants under agreement with New PE Holdco and the plant owners. As of December 31, 2011, its facility included Magic Valley with 60,000,000 gallons; Columbia with 40,000,000 gallons; Stockton with 60,000,000 gallons and Madera with 40,000,000 gallons of capacity. It also provides operations, maintenance and accounting services for a 250,000 gallon per year cellulosic integrated biorefinery owned by ZeaChem Inc. in Boardman, Oregon, which is adjacent to the Pacific Ethanol Columbia plant. The Company sells ethanol produced by the Pacific Ethanol Plants and other third-parties to various customers in the Western United States. In addition, the Company sells WDG produced by the Pacific Ethanol Plants to customers consist of dairies and feedlots located near the Pacific Ethanol Plants.
The Company competes with Archer Daniels Midland Company and Valero Energy Corporation.
Pacific Ethanol Inc
400 Capitol Mall
SACRAMENTO CA 95814