Profile: Pacific Ethanol Inc (PEIX.A)
19 Jan 2018
Pacific Ethanol, Inc., incorporated on February 28, 2005, is a producer and marketer of low-carbon renewable fuels in the United States. The Company's segments include a production segment and a marketing segment. As of December 31, 2016, the Company owned and operated eight ethanol production facilities, of which four plants are in the Western states of California, Oregon and Idaho, and four of its plants are located in the Midwestern states of Illinois and Nebraska. As of December 31, 2016, its plants had a combined ethanol production capacity of 515 million gallons per year. The Company markets all the ethanol and co-products produced at its plants as well as ethanol produced by third parties.
The Company produces ethanol and co-products at its production facilities. Its plants are located on the West Coast and in the Midwest are in the heart of the Corn Belt. The Company owns approximately 74% of the two plants in Aurora, Nebraska as well as the grain elevator adjacent to those properties. The facilities operated by the Company are Magic Valley, Columbia, Stockton, Madera, Aurora West, Aurora East, Pekin Wet and Pekin Dry. The Company produces various ethanol co-products at its production facilities, such as wet distillers grains (WDG), dry distillers grains with solubles (DDGS), wet and dry corn gluten feed, condensed distillers solubles, corn gluten meal, corn germ, corn oil, distillers yeast and carbon dioxide (CO2).
The Company has customer relationships throughout the Western and Midwestern United States. It markets distiller's grains and other feed co-products to dairies and feedlots, in various cases located near its ethanol plants. These customers use its feed co-products for livestock as a substitute for corn and other sources of starch and protein. The Company sells its corn oil to poultry and biodiesel customers.
The Company competes with Archer Daniels Midland Company, Green Plains, Inc. and Valero Energy Corporation.
Pacific Ethanol Inc
400 Capitol Mall Ste 2060
SACRAMENTO CA 95814-4436