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PEIX Article:Madera Ethanol Plant restart speculation
http://sierra2thesea.net/agriculture/ag-update-pacific-ethanol-orange-scab-more …
sierra2thesea Article January 13,2014:
AG Update: Pacific Ethanol / Orange Scab / More

Pacific Ethanol On A Roll?

California-grown Pacific Ethanol Inc.’s stock reached the $6 level today up from just $2.50 as recently as mid-November. Pacific Ethanol Inc.’s stock is trading above its 50-day and 200-day moving averages of $3.85 and $3.98, respectively.So what’s going on? The biofuel company may finally be making a profit on low corn prices used to make ethanol. The company recently made an upbeat investor presentation in December.

CEO Neil Koehler said at that time “There has been quite a washout of probably ethanol companies, but we are definitely survivors. I would like to say we have done a very good job of protecting the art of survival and we are ready to take it to the next level.”

He noted that “ethanol (is)the lowest cost transportation fuel in the planet (and in )increasing demand globally and we are exporting that, which has not been (done) in the United States.”In addition, the company says they are moving toward cellulosic ethanol production that offers a better margin with installation of technology by a Visalia company – EdenIQ – at their several PE plants.

Now there is the indication the company may re-open the idled Madera ethanol plant this year. The 40 million gallon plant was shuttered in January 2009 after operating for less than 3 years.
Clean up activity by a large work crew seen at the Madera facility this week had fueled the speculation of a restart. Spokesman Paul Koehler was quoted here last fall that “we’re getting closer to reopening the ethanol plant. ” Asked about the activity Koehler says there is no news about the plant reopening and that the crews were simply performing maintenance activity.