November 1, 2018 / 3:48 PM / 17 days ago

Pacific Ethanol cuts production amid high inventories and weak margins - CEO

NEW YORK, Nov 1 (Reuters) - Pacific Ethanol Inc cut biofuel production by 10 percent amid high inventories and weak margins, the company’s Chief Executive Neil Koehler told analysts on Thursday.

Pacific ethanol owns 9 ethanol plants with a combined production capacity of 605 million gallons a year. Other companies have made similar economic run cuts, but “not enough” to address high inventories, Koehler said. (Reporting By Jarrett Renshaw)

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