Alto Ingredients Inc (ALTO)

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Clearly, PEIX cannot switch from ethanol to alcohol overnight.

Looks like PEIX is executing that switch very efficiently:

We have successfully transitioned production at our Pekin, Illinois campus to approximately 50% specialty alcohols. We are further expanding capacity at our Pekin facility and investing in quality assurance and certifications to expand addressable customers and markets to further build our business.

With the switch to high quality alcohol production sales have already increased and PEIX already has secure pre orders throughout 2021:

The majority of our 2021 specialty alcohol production has already been contracted at fixed prices for terms of one year or more. We expect long-term tailwinds from continued growth in demand for specialty alcohols and essential ingredients

High quality alcohol products will continue to be at increased demand levels going forward.