Tuesday, September 13, 2016 4:38:53 AM
Source: Seeking Alpha
Sep. 12, 2016 2:29 PM • SA Editor Carl Surran
Pacific Ethanol (PEIX +3%) is higher following news that the EPA approved the first-ever process for generating cellulosic ethanol at its plant in Stockton, Calif.
PEIX says its Edeniq Pathway technology produces the gasoline additive from corn kernel fiber in existing fermentation vessels and allows producers to better quantify the amounts they produce to comply with EPA reporting rules.
PEIX says it expects to produce 1M-plus gal/year of cellulosic ethanol at its Stockton facility.
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