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Article: Pacific Ethanol, Inc. Signs Agreement to Purchase California's First Large-Scale Ethanol Plant.
- Article from:
- PR Newswire
- Article date:
- August 11, 2005
CopyrightCOPYRIGHT 2005 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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FRESNO, Calif., Aug. 11 /PRNewswire-FirstCall/ -- Pacific Ethanol, Inc. announced today that it has signed an agreement to acquire Phoenix Bio-Industries, LLC ("PBI"). PBI has recently completed construction of an approximate 25 million gallon per year ethanol production facility located in Goshen, California. The facility is currently undergoing initial start-up testing and, once fully operational, the facility is expected to be the first large-scale ethanol production facility located in California. The closing of the acquisition is expected to occur in early October and is subject to certain conditions including, among others, Pacific Ethanol's ability to ...