As renewable fuel demand collapses, Pacific Ethanol makes alcohol, hand sanitizer

Sacramento renewable fuel company Pacific Ethanol Inc. has seen demand for its fuel product collapse, but it’s putting its manufacturing facilities to use to make high-quality alcohol and hand sanitizer.

Pacific Ethanol (Nasdaq: PEIX) said its revenue fell 6% to $1.42 billion in 2019 from the previous year. The company’s consolidated net loss for the year grew to $101.3 million from $67.9 million.

Pacific Ethanol released its financial results for the year after stock markets closed on Thursday.…

share:

more energy news

Send Us A Message