Pacific Ethanol reports $14.7 million 4Q loss, $40 million loan, new financial controls

April 1, 2008

In California, Pacific Ethanol reported record sales for the fourth quarter but a $14.7-million loss. The company shored up its finances with a $40 million infusion from Lyles United, and said that it had addressed a material weakness in its financial controls.

Pacific Ethanol commences production at 60 Mgy corn ethanol plant in Idaho

In Idaho, Pacific Ethanol commenced production at its 60 Mgy corn ethanol plant in Burley. The plant will use 21 million bushels of corn, and the company hopes to supply the entire ethanol demand for ...

Pacific Ethanol reports $54 million loss for third quarter; reaches 220 Mgy capacity goal; liquidity questioned

In California, Pacific Ethanol reported a massive loss of $54.9 million for the third quarter, including an operating loss of $28.3 million, or $0.47 per share. The company reported a 56 percent inc...

Former California Secretary of State Bob Jones secures $11.5 million bail-out from California for struggling Pacific Ethanol

The state of California will raise $11.5 million from the sale of tax-exempt bonds that will be used to provide a low-interest loan to Pacific Ethanol. Critics of the move say that the bond sale is pe...

The Andersons ethanol operations swing to loss in third quarter

In Ohio, The Andersons reported third quarter results, and said that profits fell by 30 percent in the Grains & Ethanol Group from $13.7 million to $9.4 million. The company said that its three-pl...

Today in Biofuels: USDA projects US corn acreage to decrease 8 percent in 2008; EU propsoes new sustainability directive; Range Fuels raises $130 million

Top Story:The U.S. Department of Agriculture (USDA) released 2008 report on crop plantings, projecting that US corn acreage would drop 8 percent to 86.0 million acres. Soybean production is expected t...

BioFuel Energy reports $33.1 million loss for third quarter including $50 million in hedging losses

In Colorado, BioFuel Energy announced that it lost $33.1 million, or $2.18 per share, for the third quarter, recording $50 million in losses from corn hedging operations alone during the quarter. Th...

Written by Jim Lane · Filed Under Producer News