Pacific Ethanol Company Description
Originally formed to broker auto repair, Pacific Ethanol has an alternative plan. After leaving the car business, the company is now into alternative fuels. Pacific Ethanol completed a grain ethanol plant in California in 2006, another one in Oregon in 2007, and is constructing two more in Idaho and California. The company also owns a 42% stake in Front Range Energy, which operates its own ethanol facility in Colorado. It's biggest customers are Chevron and Valero, together accounting for a quarter of Pacific Ethanol's sales. Microsoft founder Bill Gates invested $84 million through Cascade Investment in 2005; Cascade has since reduced its stake in the company from nearly 25% to 12%.
View the Comprehensive Company Description for Pacific Ethanol
The Company Description provides a historical perspective of Pacific Ethanol's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Pacific Ethanol's evolution in the marketplace.
