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PEIX news -& Charts - Pacific Ethanol Inc. has resumed production as planned at its 60 million-gallon-a-year ethanol plant in Stockton, the company announced Tuesday.

The first corn grind took place Dec. 9 at the Stockton plant, which suspended operations in 2009. The facility is nearing operating capacity and shipping ethanol and feed to local markets.

“We achieved our goal of successfully restarting the Stockton ethanol facility in December 2010, which we believe increases our opportunity to benefit from the commencement of the California Low-Carbon Fuel Standard this month,” Pacific Ethanol’s president and chief executive officer Neil Koehler said in a news release.

The Sacramento-based producer and marketer of ethanol halted production at three of its four plant subsidiaries — in Burley, Idaho, Madera and Stockton — in 2009. Only a plant in Boardman, Ore., remained operating.

The 60 million-gallon-a-year Burley facility resumed production in January 2010. The company aims to also resume operations at its 40 million-gallon-a-year plant in Madera as market conditions improve.

Shares of Pacific Ethanol (Nasdaq: PEIX) were up 9 cents, or 11.9 percent, to 82 cents a share in early afternoon trading Tuesday.

Pacific Ethanol Inc. has resumed production as planned at its 60 million-gallon-a-year ethanol plant in Stockton, the company announced Tuesday.
The first corn grind took place Dec. 9 at the Stockton plant, which suspended operations in 2009. The facility is nearing operating capacity and shipping ethanol and feed to local markets.
“We achieved our goal of successfully restarting the Stockton ethanol facility in December 2010, which we believe increases our opportunity to benefit from the commencement of the California Low-Carbon Fuel Standard this month,” Pacific Ethanol’s president and chief executive officer Neil Koehler said in a news release.
The Sacramento-based producer and marketer of ethanol halted production at three of its four plant subsidiaries — in Burley, Idaho, Madera and Stockton — in 2009. Only a plant in Boardman, Ore., remained operating.

The 60 million-gallon-a-year Burley facility resumed production in January 2010. The company aims to also resume operations at its 40 million-gallon-a-year plant in Madera as market conditions improve.
Shares of Pacific Ethanol (Nasdaq: PEIX) were up 9 cents, or 11.9 percent, to 82 cents a share in early afternoon trading Tuesday.

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