Pacific Ethanol restarts production at Stockton

Sacramento, Calif. — Pacific Ethanol Inc. has resumed production at its 60-million-gallon-per-year ethanol plant in Stockton, Calif.

The first corn grind occurred Dec. 9, company officials said, and the facility is now operating near capacity, shipping ethanol and feed to local markets.

Neil Koehler, president and CEO, said company managers believe the Stockton plant restart increases their opportunity to benefit from the new California Low-Carbon Fuel Standard.

The Stockton facility produces low-carbon renewable fuel and high-value feed for California markets.

“With the recent signing of the participation agreement with the California Energy Commission, the facility is eligible for payments under the California Ethanol Producer Incentive Program,” he said.

Pacific Ethanol Inc. is a leading West Coast marketer and producer of low-carbon renewable fuels. It also operates plants at Boardman and Burley, Idaho. The company also sells co-products, including wet distillers grain, which is a nutritional animal feed.

Pacific Ethanol’s stock closed Friday at 86 cents per share, down 5 cents from the day before. During the past year, the stock has ranged from 37 cents per share to $2.75 per share.

source: eastoregonian