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Pacific Ethanol (PEIX) To Suspend Ethanol Production At Madera Plant
Pacific Ethanol announced on Friday that it will be suspending ethanol production at its Madera plant starting tomorrow, January 12th. The plant can produce up to 40 million gallons of ethanol per year, but there is no word on when production will resume.
According to the Sacramento Business Journal, Pacific Ethanol "said in a news release that “extended unfavorable market conditions for producing ethanol” prompted the suspension.
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