Tuesday, March 06, 2007

Pacific Ethanol Announces Groundbreaking for 50 Million Gallon Ethanol Plant

Pacific Ethanol, Inc. (Nasdaq: PEIX), the largest West Coast-based marketer and producer of ethanol, recently announced that it has received all the discretionary permits necessary to begin construction of a 50 million gallon per year ethanol facility located adjacent to the city of Calipatria, California. The Company further stated that it expects to begin construction, which should take approximately 12 months, within the next 30 days.

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