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MARKETING AND ASSET MANAGEMENT AGREEMENTS
Sacramento, CA, July 6, 2011 – Pacific Ethanol, Inc. (NASDAQ: PEIXD), the leading
marketer and producer of low-carbon renewable fuels in the Western United States, announced it
has amended its marketing and asset management agreements for the four ethanol production
facilities the company operates and whose ethanol the company markets. Pacific Ethanol is a
20% owner of New PE Holdco LLC, the holding company of the four plant owners. The
amendments renew the agreements for an additional year and implement other changes to reflect
current market conditions. The amended agreements are effective June 30, 2011.
Neil Koehler, PEI’s president and CEO, stated, “Extending the marketing and asset management
agreements is another positive step for Pacific Ethanol and reflects our continued strong working
relationship with our lenders and fellow owners. These agreements further solidify our position
as the leading marketer and producer of low-carbon renewable fuels in the Western United
States. Our unique system of operations, supply, distribution and service in our western markets
allows us to deliver premium value to ethanol plant owners and to our customers.”
Additional terms and details of the amendments are more particularly described in a Current
Report on Form 8-K to be filed with the Securities and Exchange Commission today.
Company IR Contact: IR Agency Contact: Media Contact:
Pacific Ethanol, Inc. Becky Herrick Paul Koehler
916-403-2755 Lippert/Heilshorn & Assoc. Pacific Ethanol, Inc.
866-508-4969 415-433-3777 503-235-8241
Investorrelations@pacificethanol.net paulk@pacificethanol.net
PACIFIC ETHANOL, INC. APPLAUDS E15 LABEL APPROVAL AND
WELCOMES MARKET IMPROVEMENTS
• EPA Ruling for E15 Label Opens New Markets for Ethanol
• USDA June 30 th Grain Report Exceeds Market Expectations
Sacramento, CA, July 5, 2011 – Pacific Ethanol, Inc. (NASDAQ: PEIXD), the leading
marketer and producer of low-carbon renewable fuels in the Western United States, commented
on positive industry progress regarding distribution channels and corn supply.
On June 28, 2011, the U.S. Environmental Protection Agency (EPA) approved the improved
label for fuel dispensers that carry ethanol blends of up to 15% (E15). With the labeling issue
resolved, gas stations are closer to selling E15 for cars built in 2001 and later, which represents
approximately two-thirds of vehicles on the road.
On June 30, 2011, the U.S. Department of Agriculture (USDA) reported that American farmers
planted 92.3 million acres of corn this spring. Based upon USDA’s latest projections of average
corn yield (158.7 bushels/acre) and harvested acres (84.9 million), this indicates a 2011 harvest
of 13.5 billion bushels – nearly 300 million more bushels of corn than USDA had projected in its
most recent supply/demand estimates.
Neil Koehler, PEI’s president and CEO, stated, “America’s farmers have once again
demonstrated the ability to meet the demand to provide food, feed, fuel and fiber to the world
markets. We expect the greater than anticipated corn supply will reduce our cost of production
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and sustain favorable market conditions for ethanol production. In addition, the EPA approval is
a significant market indicator that E15 will be sold in the U.S. this year and the American
consumer will have more choice of fuel options at the gas pump. Pacific Ethanol is well poised
to drive company growth from both of these events.”