Pacific Ethanol Cuts Production

Pacific Ethanol, Inc., Sacramento, CA, cut biofuel production by 10% amid high inventories and weak margins, the company’s Chief Executive Neil Koehler told analysts on Thursday.

Reutersreports that Pacific Ethanol owns nine ethanol plants with a combined production capacity of 605 million gallons a year. Other companies have made similar economic run cuts, but “not enough” to address high inventories, Koehler said.