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ALTO Expands USP Alcohol Production Capacity (Ind. Report)
Alto Ingredients, Pacific Ethanol
Date: 2021-02-10
In the Golden State, Sacramento-based Alto Ingredients, Inc. -- fka Pacific Ethanol -- reports it has increased its total specialty alcohol production capacity of to 140 million gpy, the majority of which will meet or exceed USP certifications.

Alto Ingredients, Inc. is focused on products for four key markets: Health, Home & Beauty; Food & Beverage; Essential Ingredients; and Renewable Fuels.

"In the fourth quarter, we refurbished the grain-neutral spirits, or GNS system, located at our Pekin wet mill. Entering 2021, we now have an additional 30 million gallons of annual production capacity of our highest quality product, the core ingredient used in the production of distilled spirits and USP grade alcohol. This expansion brings our total annual specialty alcohol production capacity to 140 million gallons and is available to domestic and international customers requiring products that meet stringent USP and GNS specifications," stated ALTO CEO Mike Kandris. (Source: ALTO, Website, PR, Feb., 2021) Contact: ALTO, Mike Kandris, CEO, 916-403-2755, investorrelations@altoingredients.com, www.altoingredients.com

More Low-Carbon Energy News Pacific Ethanol,  Alto Ingredients,  Renewable Fuel,  


Pacific Ethanol Now Alto Ingredients, Inc. (Ind. Report)
Pacific Ethanol
Date: 2021-01-15
Sacramento, California-headquartered Pacific Ethanol Inc., a leading producer of specialty alcohols and essential ingredients, reports it has changed its corporate name to Alto Ingredients, Inc., effective January 12, 2021. The name change will be reflected on the Nasdaq Stock Market on January 14, 2021, and the company's stock will begin trading under a new ticker symbol, ALTO, starting February 1, 2021.

The company is focused on products for four key markets: Health, Home & Beauty; Food & Beverage; Essential Ingredients; and Renewable Fuels. (Source: Pacific Ethanol, Website PR, 13 Jan., 2021) Contact: Alto Ingredients Inc., Michael Kramer, 916-403-2755, investorrelations@altoingredients.com, www.altoingredients.com

More Low-Carbon Energy News Pacific Ethanol,  


Pacific Ethanol Offloading Grain Handling Facilities (Ind. Report)
Pacific Ethanol
Date: 2020-11-11
Sacramento, California-headquartered specialty alcohols and ethanol producer Pacific Ethanol, Inc. is reporting an agreement with Liberty Basin, LLC to sell 134 acres, rail loop and grain handling assets at its Pacific Ethanol Magic Valley plant in Burley, Idaho for $10 million in cash.

Pacific Ethanol will retain the ethanol production facility and terminal on the remaining 25 acres and will enter into certain agreements with Liberty Basin, LLC for delivery of grain to the plant. The sale is expected to close on or before November 30, 2020, subject to customary closing conditions. (Source: Pacific Ethanol, PR, Newswire, 9 Nov., 2020)Contact: Pacific Ethanol, Michael Kandris, Pres., CEO, Paul Koehler, 916-403-2790, paulk@pacificethanol.com, www.pacificethanol.com

More Low-Carbon Energy News Pacific Ethanol ,  Ethanol,  


Pacific Ethanol Closes $75 Mn Equity Offering (Ind. Report)
Pacific Ethanol
Date: 2020-11-02
Following up on our 28th October report, Sacramento-based Pacific Ethanol, Inc., a leading producer of specialty alcohols and essential ingredients, reports closing on its previously announced underwritten public offering of common stock and pre-funded warrants and concurrent private offering of warrants, for total gross proceeds of approximately $75.0 million -- $70.0 million net after underwriting discounts , commissions and other estimated offering expenses.

The company intends to use the net proceeds to reduce debt and other corporate purposes., stated (Source: Pacific Ethanol, PR Website 28 Oct., 2020) Contact: Pacific Ethanol, Michael Kandris, Pres., CEO, Paul Koehler, 916-403-2790, paulk@pacificethanol.com, www.pacificethanol.com

More Low-Carbon Energy News Pacific Ethanol,  


Pacific Ethanol Refocusing, Changing Name (Ind. Report)
Pacific Ethanol
Date: 2020-10-30
Sacramento, California-based Pacific Ethanol, Inc. is reporting a strategic realignment to focus on specialty alcohols and essential ingredients as well as its intent to change its corporate name. The company also announced the pricing of a $75 million equity offering and released certain preliminary results for the three months ended September 30, 2020.

Over the past nine months the company's production mix shifted from approximately 85 pct fuel grade ethanol and 15 pct specialty alcohols to approximately 50 pct each for the three months ended September 30, 2020. Going forward, the company will focus on specialty alcohols and essential ingredients for four key markets: Health, Home & Beauty; Food & Beverage; Essential Ingredients; and Renewable Fuels.

As previously announced, the company idled its Magic Valley, Stockton and Madera fuel-grade ethanol distilleries earlier this year while continuing to operate its Columbia distillery. As part of the company's strategic realignment and new business focus, it intends to sell or repurpose these assets. Asset sale proceed will be used to reduce debt, invest in core operations or general corporate purposes. (Source: Pacific Ethanol, PR, 26 Oct., 2020) Contact: Pacific Ethanol, Inc., Paul Kohler, CEO, (916) 403-2123, info@pacificethanol.com, www.pacificethanol.com

More Low-Carbon Energy News Ethanol,  Pacific Ethanol,  


Pacific Ethanol Refocusing, Changing Name (Ind. Report)
Pacific Ethanol
Date: 2020-10-28
Sacramento, California-headquartered Pacific Ethanol, Inc. is reporting a strategic realignment to focus on specialty alcohols and essential ingredients as well as an intended corporate name change to reflect it's move away from ethanol transportation fuels. The company also announced a $75 million equity offering and released certain preliminary results for the three months ended September 30, 2020.

Over the past nine months, the company increased production of specialty alcohols used in consumer products and reduced fuel grade ethanol production. The company's production mix shifted from approximately 85 pct fuel grade ethanol and 15 pct specialty alcohols used in consumer products during 2019, to approximately 50 pct each for the three months ended September 30, 2020. Going forward, the company will focus on specialty alcohols and essential ingredients for four key markets: Health, Home & Beauty; Food & Beverage; Essential Ingredients; and Renewable Fuels, according to the release.

As previously reported, Pacific Ethanol idled its Magic Valley, Stockton and Madera fuel-grade ethanol distilleries earlier this year while continuing to operate its Columbia distillery. As part of the company's strategic realignment and new business focus, the company intends to sell or re-purpose these assets. Any proceeds from the sale of assets will be used to reduce debt, invest in core operations or for general corporate purposes, according to the website release. (Source: Pacific Ethanol, PR, 26 Oct., 2020) Contact: Pacific Ethanol, Inc., Paul Kohler, CEO, (916) 403-2123, info@pacificethanol.com, www.pacificethanol.com

More Low-Carbon Energy News Pacific Ethanol,  Ethanol,  


Pacific Ethanol Back on NASDAQ Exchange (Ind. Report)
Pacific Ethanol
Date: 2020-08-12
In the Golden State, Sacramento-based Pacific Ethanol, Inc. reports it has regained compliance with NASDAQ Listing Rule requiring listed securities maintain a minimum closing bid price of $1.00 per share.

As previously reported, the Company received a letter from NASDAQ notifying the Company that it did not comply with the $1.00 minimum closing bid price requirement for continued listing under the NASDAQ Listing Rules. The Company was provided an initial period of 180 calendar days, or until January 13, 2020, during which to regain compliance. The Company failed to regain compliance by January 13, 2020, but was provided a final additional period of 180 calendar days, or until July 13, 2020, during which to regain compliance, but received an additional period until September 28, 2020 to regain compliance in connection with a rule change filed by NASDAQ with SEC that temporarily tolled the compliance periods for NASDAQ's bid price requirements.

Pacific Ethanol's common stock has subsequently maintained a closing bid price of at least $1.00 per share for 10 consecutive trading days, enabling the Company to regain compliance with NASDAQ Listing Rule. (Source: Pacific Ethanol Inc. PR, Website, 10 Aug., 2020) Contact: Pacific Ethanol, Inc., Paul Kohler, CEO, (916) 403-2123, info@pacificethanol.com, www.pacificethanol.com

More Low-Carbon Energy News Pacific Ethanol,  


Pacific Ethanol Slowly Upping Ethanol Production (Ind. Report)
Pacific Ethanol
Date: 2020-05-15
Pacific Ethanol Inc. reports it is gradually increasing production and is now operating at approximately 50 pct capacity after idling more than 60 pct of its ethanol production capacity due to falling fuel demand caused by the COVID-19 pandemic (Source: Pacific Ethanol, PR, 13 May, 2020) Contact: Pacific Ethanol, Paul Kohler, Pres., CEO, (916) 403-2790, investorrelations@pacificethanol.com, www.pacificethanol.com

More Low-Carbon Energy News Ethanol,  Pacific Ethanol,  


Pacific Ethanol Completes Pacific Aurora Sale (M&A, Ind Report)
Pacific Ethanol,Aurora Coop
Date: 2020-04-20
Following up on our 6th March coverage, Pacific Ethanol Inc. reports closure of its agreement to sell its 74 pct ownership interest in Pacific Aurora LLC to Aurora Cooperative Elevator Company in Nebraska (Aurora Cooperative) for $52.8 million -- $20.2 million in cash after adjustments.

The sale includes two ethanol production facilities with a combined production capacity of 145 million gpy, a grain elevator with storage capacity of 4.1 million bushels and integrated rail facilities in Aurora.

Aurora Cooperative is one of the largest agricultural retailers in the nation, ranking 28th among all agricultural cooperatives. In 2019, Aurora Cooperative had total sales of more than $1 billion, serviced more than 4 million acres, merchandised more than 120 million bushels of grain and had more than 34,000 equity members. (Source: Pacific Ethanol, The Independent, 18 April, 2020) Contact: Aurora Cooperative, Chris Vincent , Pres., CEO, www.auroracoop.com; Pacific Ethanol, Paul Kohler, Pres., CEO, (916) 403-2790, investorrelations@pacificethanol.com, www.pacificethanol.com

More Low-Carbon Energy News Pacific Ethanol,  Aurora Coop,  Ethanol ,  


Aurora Taking Pacific Ethanol's Stake in Ethanol JV (M&A)
Aurora Cooperative Energy,Pacific Ethanol
Date: 2020-03-06
In the Cornhusker State, Aurora Cooperative Energy Co. reports it will buy out Pacific Ethanol's 74 pct stake in a December, 2016 ethanol joint venture for $52.8 million.

The two companies joined forces in December 2016, combining the co-op's grain elevator, loop track and other assets with Pacific's two Aurora-area ethanol plants into a company called Pacific Aurora LLC. As part of the purchase, Aurora Cooperative said it will split the entity into two companies. The two ethanol plants, which have 145 million gallons of combined capacity, will be called Aurora Cooperative Ethanol LLC. (Source: Aurora Cooperative Energy, PR, Journal Star, Mar.2020) Contact: Aurora Cooperative Energy, Chris Vincent , Pres., CEO, 800-642-6795, communicationsteam@auroracoop.com, www.auroracoop.com; Pacific Ethanol, Paul Kohler, Pres., CEO, (916) 403-2790, investorrelations@pacificethanol.com, www.pacificethanol.com

More Low-Carbon Energy News Ethanol,  Pacific Ethanol,  


Pacific Ethanol Seeking Plant Purchasers, Partners (Ind. Report)
Pacific Ethanol
Date: 2019-08-07
In the Golden State, Sacramento-based Pacific Ethanol, Inc. reports it is actively seeking new business partnerships or purchasers for some of its ethanol plants as it battles "negative margins".

According to company president Paul Koehler, the industry continues to suffer from oversupply, a lack of trade with China and from small-refinery exemptions to the Renewable Fuel Standard that have reduced demand by about 2.6 billion ethanol-equivalent gallons since 2016. The company reported an operating loss of $2.7 million in Q2 this year, down from a $10.2 million loss in Q1, and is operating at roughly 80 pct capacity, according to a statement.

Pacific Ethanol operates plants in Illinois, Nebraska, Oregon, Idaho and California, with a production capacity of 605 million gpy.(Source: Pacific Ethanol, DTN, Ohio AgNet, 5 Aug., 2019) Contact: Pacific Ethanol, Paul Kohler, Pres., CEO, (916) 403-2790, investorrelations@pacificethanol.com, www.pacificethanol.com.

More Low-Carbon Energy News Pacific Ethanol ,  


Pacific Ethanol, CoBank Extend Credit Agreements (Ind. Report)
Pacific Ethanol
Date: 2019-07-17
In the Golden State, Sacramento-based Pacific Ethanol, Inc. reports its indirect wholly-owned subsidiary Pacific Ethanol Pekin, LLC (Pekin) has extended the terms of its credit agreements with CoBank, ACB. The amended agreement will extend the payment and covenant terms of Pekin's credit agreements with CoBank, ACB to November 15, 2019. (Source: Pacific Ethanol PR, 15 July, 2019) Contact: Pacific Ethanol, Paul Kohler, Pres., CEO, (916) 403-2790, investorrelations@pacificethanol.com, www.pacificethanol.com

More Low-Carbon Energy News Pacific Ethanol ,  


Pacific Ethanol Considers Production Facility Sales (Ind. Report)
Pacific Ethanol,Piper Jaffray
Date: 2019-03-15
In the Golden State, Sacramento-based low-carbon renewable fuels specialist Pacific Ethanol reports it has contracted investment bank and asset management firm Piper Jaffray to help it sell some of its 10 various production assets to refinance $67 million in debt coming due in December. The company notes it could also look at other capital raising options for debt refinancing.

Pacific Ethanol, which operates 10 biorefineries in six states, did not specify which plants might be sold. (Source: Pacific Ethanol, Others, Seeking Alpha, 13 Mar., 2019) Contact: Piper Jaffray, www.piperjaffray.com; Pacific Ethanol, Paul Kohler, Pres., CEO, (916) 403-2790, investorrelations@pacificethanol.com, www.pacificethanol.com

More Low-Carbon Energy News Pacific Ethanol,  Piper Jaffray,  Ethanol,  Biofuel,  


Pacific Ethanol Considers Idling Additional Capacity (Ind. Report)
Pacific Ethanol
Date: 2019-01-04
Further to our 21 December coverage, in the Golden State, Sacramento-based Pacific Ethanol Inc, the sixth-largest US ethanol producer, is reportedly planning to further cut ethanol production in the Midwest due to high production costs and low ethanol prices. According to Reuters, the company is considering idling its 110 million- gpy ethanol plant in Aurora, Nebraska sometime this month and keep it idle until the summer.

As previously reported, Pacific Ethanol shuttered a smaller, 45 million gpy ethanol plant on the same property in Aurora. To date, the company has idled roughly 20 percent of its production capacity due to weak demand and low prices. (Source: Pacific Ethanol, Sacramento Business Journal, 3 Jan., 2018)Contact: Pacific Ethanol, Paul Kohler, Pres., CEO, (916) 403-2790, investorrelations@pacificethanol.com, www.pacificethanol.com

More Low-Carbon Energy News Pacific Ethanol,  Ethanol,  


Pacific Ethanol Furloughs Workers, Idles Neb. Plant (Ind. Report)
Pacific Ethanol
Date: 2018-12-21
According to Reuters, Pacific Ethanol Inc has idled 45 million gallons of production capacity and laid off 26 of 60 workers at an ethanol plant in Aurora, Nebraska, due to "poor economics in biofuel production." Another part of the plant, with capacity to make 110 million gpy continues to operate. With this and other closings, the company has reportedly mothballed approximately 20 pct of its total U.S. ethanol production capacity.

Street Insider notes that U.S. ethanol producers have been suffering from declining biofuel prices, higher corn feedstock and natural gas prices and the uncertainty of ethanol exports to China,resulting from Trump's self imposed trade war with Beijing. (Source: Pacific Ethanol, StreetInsider, Reuters, 19 Dec., 2018)Contact: Pacific Ethanol, Paul Kohler, Pres., CEO, (916) 403-2790, Furlough investorrelations@pacificethanol.com, www.pacificethanol.com

More Low-Carbon Energy News Pacific Ethanol,  Ethanol,  Biofuel ,  


Biofuels Market Leading Manufacturers 2018 -- Report Available (Ind. Report)

Date: 2018-05-04
E Market Research is offering Biofuels Market Leading Manufacturers 2018 biofuels market report, an in-depth investigation on the competitive biofuels market.

Key players included in the global Biofuels market report are: China Agri-Industries Holdings, COFCO Biochemical (AnHui), Raizen, ADM, Tianguan Group, Cargill, POET, Big River Resources, Vivergo, The Andersons, BP, Pacific Ethanol, Flint Hills Resources, Green Plains, CropEnergies, Valero, Abengoa Bioenergy and Jilin Fuel Ethanol

The report analyzes the biofuels market by: type-- Biodiesel and Bioethanol; end users -- industrial fuels, transportation fuels and Chemical industry; regions; distributors; dealers; traders and manufacturers including contact information, production strategies, the scope of the Biofuels product, their capacity, worldwide productivity, and revenue generation.

Details and a PDF sample copy of this study HERE (Source: E Market Research, May, 2018) Contact: E Market Research, (857) 239-0696, nquiry@market.biz, http://emarketresearch.us/global-biofuels-market-2017-2022

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