Pacific Ethanol Begins Production of Corn Oil at Magic Valley Plant
SACRAMENTO, Calif., May 29, 2013 (GLOBE NEWSWIRE) -- Pacific Ethanol, Inc.
(Nasdaq:PEIX), the leading marketer and producer of low-carbon renewable fuels
in the Western United States, has begun commercial production of corn oil
utilizing ICM Inc.'s Advanced Oil Separation System™ at its Magic Valley, ID
Neil Koehler, the company's president and CEO, stated: "Corn oil is a high
value co-product with multiple markets including animal feed and biodiesel.
Corn oil sales at our Magic Valley plant diversifies our revenue streams,
providing greater financial stability to the plant, and is expected to
contribute as much as $4.5 million or seven cents per gallon of operating
About Pacific Ethanol, Inc.
Pacific Ethanol, Inc. (Nasdaq:PEIX) is the leading marketer and producer of
low-carbon renewable fuels in the Western United States. Pacific Ethanol also
sells co-products, including wet distillers grain ("WDG"), a nutritious animal
feed. Serving integrated oil companies and gasoline marketers who blend
ethanol into gasoline, Pacific Ethanol provides transportation, storage and
delivery of ethanol through third-party service providers in the Western
United States, primarily in California, Arizona, Nevada, Utah, Oregon,
Colorado, Idaho and Washington. Pacific Ethanol has an 83% ownership interest
in New PE Holdco LLC, the owner of four ethanol production facilities. Pacific
Ethanol operates and manages the four ethanol production facilities, which
have a combined annual production capacity of 200 million gallons. The
facilities in operation are located in Boardman, Oregon, Burley, Idaho and
Stockton, California, and one idled facility is located in Madera, California.
The facilities are near their respective fuel and feed customers, offering
significant timing, transportation cost and logistical advantages. Pacific
Ethanol's subsidiary, Kinergy Marketing LLC, markets ethanol from Pacific
Ethanol's managed plants and from other third-party production facilities, and
another subsidiary, Pacific Ag. Products, LLC, markets WDG. For more
information please visit www.pacificethanol.net.
Safe Harbor Statement under the Private Securities Litigation Reform Act of
With the exception of historical information, the matters discussed in this
press release including, without limitation, the ability of Pacific Ethanol to
continue as the leading marketer and producer of low-carbon renewable fuels in
the Western United States; and the timing and effectiveness of our
implementation of corn oil separation technology are forward-looking
statements and considerations that involve a number of risks and
uncertainties. The actual future results of Pacific Ethanol could differ from
those statements. Factors that could cause or contribute to such differences
include, but are not limited to, litigation against Pacific Ethanol concerning
intellectual property rights covering corn oil separation technology, adverse
economic and market conditions; changes in governmental regulations and
policies; and other events, factors and risks previously and from time to time
disclosed in Pacific Ethanol's filings with the Securities and Exchange
Commission including, specifically, those factors set forth in the "Risk
Factors" section contained in Pacific Ethanol's most recent Annual Report on
Form 10-K filed with the Securities and Exchange Commission on April 1, 2013.
CONTACT: Company IR Contact:
Pacific Ethanol, Inc.
IR Agency Contact:
Pacific Ethanol, Inc.
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