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.…