Pacific Ethanol Reports Fourth Quarter and Full-Year 2019 Results
PACIFIC ETHANOL (PEIX)
Last pacific ethanol earnings: 3/26 04:05 pm
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US:NASDAQ Investor Relations:
pacificethanol.net/investors
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Source: GlobeNewswire
SACRAMENTO, Calif., March 26, 2020 (GLOBE NEWSWIRE) -- Pacific Ethanol, Inc. (NASDAQ: PEIX), a leading producer and marketer of low-carbon renewable fuels and high-quality alcohol products in the United States, reported its financial results for the three and twelve months ended December 31, 2019. Highlights On track to close the sale of the company’s interest in Pacific Aurora, LLC to Aurora Cooperative Elevator CompanyIdling capacity in response to the unprecedented decline in gasoline and ethanol demand due to the impacts of the coronavirus Shipping significant volumes of high-quality alcohol from the company’s Pekin, Illinois ICP facility for the production of hand sanitizersAmended agreements with lenders to defer interest and principal payments for two monthsEngaged a Chief Restructuring Officer on a consulting basis to assist the company in negotiating with lenders and implementing strategic initiatives Neil Koehler, Pacific Ethanol’s president and CEO, stated: “The margin
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