wrdforwrd

green and sustainable business

Pacific Ethanol units go under

leave a comment »


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.

Advertisements

Written by William DiBenedetto

19 May, 2009 at 9:13 am

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

%d bloggers like this: