Pacific Ethanol announces strategic refocus on speciality alcohols
Pacific Ethanol has announced the company’s strategic realignment to focus on speciality alcohols.
Over the past nine months, the company increased production of speciality alcohols used in consumer products and reduced fuel grade ethanol production.
The company’s production mix shifted from approximately 85% fuel grade ethanol and 15% specialty alcohols used in consumer products during 2019, to approximately 50% each for the three months up to the end of September.
Mike Kandris, Pacific Ethanol’s CEO, said: “Our company was founded to supply low carbon renewable fuel for the transportation market. While we will continue to participate in that market, transportation fuels are no longer our primary focus.
“Beginning with our acquisition of Illinois Corn Processing, LLC in 2017 and continuing with our ongoing expansion of specialty alcohol production begun earlier this year, we have been making investments to transition our business from focusing on fuels to focusing on speciality alcohols and essential ingredients used in consumer products, including alcoholic beverages, personal care products, sanitisers, cleaners and pharmaceuticals.”
Over the past nine months, the company increased production of speciality alcohols used in consumer products and reduced fuel grade ethanol production.
The company’s production mix shifted from approximately 85% fuel grade ethanol and 15% specialty alcohols used in consumer products during 2019, to approximately 50% each for the three months up to the end of September.
Mike Kandris, Pacific Ethanol’s CEO, said: “Our company was founded to supply low carbon renewable fuel for the transportation market. While we will continue to participate in that market, transportation fuels are no longer our primary focus.
“Beginning with our acquisition of Illinois Corn Processing, LLC in 2017 and continuing with our ongoing expansion of specialty alcohol production begun earlier this year, we have been making investments to transition our business from focusing on fuels to focusing on speciality alcohols and essential ingredients used in consumer products, including alcoholic beverages, personal care products, sanitisers, cleaners and pharmaceuticals.”
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