Pacific Ethanol to Produce Ethanol Again in January

pei_logo_topPacific Ethanol has announced that it is preparing to resume production of ethanol at its 60 million gallon per year Magic Valley facility located in Burley, Idaho. The company suspended production in February of this year at the Magic Valley facility due to extended unfavorable market conditions.

In May, the company’s subsidiaries which own four ethanol production facilities, including the Magic Valley plant, filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in an effort to restructure.

Since market conditions for ethanol have improved, Pacific Ethanol plans to restart the Magic Valley facility in January 2010, subject to approval by the bankruptcy court, final documentation and a number of other conditions, including rehiring and training staff and restocking corn and other raw materials.

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