Pacific Ethanol to open second Ethanol plant in Oregon
Pacific Ethanol Inc. (Nasdaq: PEIX) has applied for a site certificate to open a Ethanol production facility in Oregon. The proposed facility is an ethanol production plant that would be located near Boardman, Oregon, on a 25-acre site within the Port of Morrow Industrial Park. The facility would receive grain by rail for conversion to food products and fuel grade ethanol. The facility would be designed to produce 42 million gallons of fuel grade ethanol per year. The ethanol would be transported to market by truck. Structures would include a grain processing building, fermentation building and tanks, distillation, drying and evaporation building, ethanol storage tanks, tanks for storage of processing materials and natural gas-fired steam production facilities. Pacific Ethanol states that the plant will employ about 25 people.
Huge news as it seems like Pacific Ethanol moving ahead with its business plan to build five ethanol plants on the west coast. Great news for current shareholders as this certainly shows that Pacific Ethanol is executing it business plan. I am still upset that Pacific Ethanol delayed their annual report filing and still hasn?t finalized their financing deal with Cascade Investments and couple of other banks. However, long term there is no denying the stocks potential.
- Notice of Intent: http://egov.oregon.gov/ENERGY/SITING/docs/PEPNOI.pdf
- Project Site: http://egov.oregon.gov/ENERGY/SITING/docs/PEPFigG1ProjSite.pdf
- Site Plan: http://egov.oregon.gov/ENERGY/SITING/docs/PEPFigG2SitePlan.pdf
- Project Location Map: http://egov.oregon.gov/ENERGY/SITING/docs/PEPFigG3010706.pdf
- Wetlands Inventory Map: http://egov.oregon.gov/ENERGY/SITING/docs/PEPFigG4NWIv2.pdf
- Third Pacific Ethanol plant likely to be built in Visalia, CA
- Add Washington to the list of States that require the use of Ethanol
- Xethanol ‘intends’ to acquire a plant in Georgia
- Pacific Ethanol completes the construction of its first plant. Production will start October 17th.
- Green Plains Renewable Energy Inc. (Nasdaq: GPRE) more than triples on its IPO on 3/15/2006
April 6th, 2006 at 5:18 am
Hey what about CHS Inc (ticker: CHSCP)
CHS is the nation?s largest cooperative refiner and a significant wholesaler and reseller of refined fuels. Our Cenex? convenience store chain is among the 20 largest in the United States, we are the nation?s fifth largest propane retailer, and we produce and market a wide range of lubricant products.
Operating results
Net income for fiscal 2005 (ending August 31, 2005) was $250 million.
Net sales for fiscal 2005 were $11.8 billion.
Value of preferred stock on NASDAQ (traded under CHSCP) was more than $150 million.
CHS ranked number 198 on the 2005 Fortune 500 listing and has been among the magazine?s ?most admired? wholesale food companies for five years.
What is really interesting for the future is their ethanol projects:
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1. CHS has marketed ethanol-blended fuels for more than 25 years and currently is one of the nation’s largest suppliers of blended fuel products at 500 million gallons annually, distributed through 64 terminals. CHS became a shareholder of US BioEnergy in November of 2005.
2. US BioEnergy currently has two ethanol plants under construction, US Bio Albert City, a 100 million gallons/year (mgy) plant in Iowa and US Bio Woodbury, a 45 mgy plant in Michigan. In addition, US Bio Janesville, a 100 mgy plant in Minnesota and US Bio Hankinson, a 100 mgy plant in North Dakota are under development. Additional acquisitions are pending or under consideration. In addition, US BioEnergy’s subsidiary United Bio Energy, provides dried distiller grains marketing and/or management services for 11 operating plants and 3 under construction.
US BioEnergy ( http://www.usbioenergy.net ) is a Brookings, S.D. based company that is building large, efficient biofuel plants on strategic sites, partnering with local farmers and communities to provide renewable fuels to America.
– see also –
http://biz.yahoo.com/prnews/060404/cgtu067.html?.v=39
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