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Pacific Ethanol, Inc. Suspends Construction of Imperial Valley Ethanol Project

The latest sign of trouble in the ethanol business comes from Pacific Ethanol CEO Neil Koehler, who was recently forced to say the following: "We remain committed to completing our ethanol project in Imperial Valley. However, given current ethanol market conditions, we feel it is prudent and strategic to suspend construction until the market improves." Koehler's statement came as part of Pacific Ethanol's announcement that the company will stop building (for now, at least) a huge ethanol plant in Imperial Valley, California. Koehler, of course, ... Read more →

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