Pacific Ethanol, Inc. reported its financial results for the year so far last Friday and top executives expressed optimism for the future after a rough year.
“Positive ethanol production margins in the current market are supporting our efforts to conclude several strategic initiatives to strengthen our balance sheet and position the company to benefit from increased demand for low carbon, high octane ethanol,” said Pacific Ethanol CEO Neil Koehler during a third quarter results call for the company. “We are confident that the final rule for the 2020 Renewable Fuel Standard blending requirements will result in greater ethanol use in the domestic market, and resolution of trade disputes will bolster export demand, putting our company and the industry back on a growth trajectory.”
Listen to Koehler’s statement on Pacific Ethanol third quarter results.
Pacific Ethanol CEO Neil Koehler (5:06)