green and sustainable business

Pacific Ethanol units go under

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newsLate yesterday Pacific Ethanol Inc., the West Coast’s largest ethanol producer, announced that several of its producing subsidiaries in California, Oregon and Idaho filed for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code.

PEIX joins a growing roster of at least 10 other ethanol producers that have gone belly up recently, victims of the poor economy and poor conditions in the ethanol market.

For more on this check out the excellent coverage from MarketWatch and the Los Angeles Times’ Greenspace.


Written by William DiBenedetto

19 May, 2009 at 9:13 am

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