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

April 30, 2008

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 Idaho from the plant, as well as up to 500,000 tons of distillers grains for livestock feed.

Pacific Ethanol recently 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.