Monday, January 31, 2011

Pacific Ethanol Inc (Public, NASDAQ:PEIX) Watch this stock

Pacific Ethanol, Inc. is a marketer and producer of low carbon renewable fuels in the Western United States. It produces and sells ethanol and its co-products, including wet distillers grain and provides transportation, storage and delivery of ethanol through third-party service providers in the Western United States, primarily in California, Nevada, Arizona, Oregon, Colorado, Idaho and Washington. On May 17, 2009, five of its indirect wholly owned subsidiaries, Pacific Ethanol Holding Co. LLC, Pacific Ethanol Madera LLC, Pacific Ethanol Columbia, LLC, Pacific Ethanol Stockton, LLC and Pacific Ethanol Magic Valley, LLC, each commenced a case by filing voluntary petitions for relief under the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware in an effort to restructure their indebtedness. In June 2010, Pacific Ethanol Inc. announced the emergence from bankruptcy of Pacific Ethanol Holding Co. LLC (PEH) and its four wholly owned
WASHINGTON — Nearly two-thirds of cars on the road could have more corn-based ethanol in their fuel tanks under an Environmental Protection Agency decision Friday.

The agency said that 15 percent ethanol blended with gasoline is safe for cars and light-duty trucks manufactured between 2001 and 2006, expanding an October decision that the higher blend is safe for cars built since 2007.The maximum gasoline blend has been 10 percent ethanol.

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