SACRAMENTO, Calif., June 22 /PRNewswire-FirstCall/ -- Pacific Ethanol, Inc. , today announced the results of its annual meeting of stockholders held on Thursday, June 21, 2007. Stockholders re-elected all seven incumbent directors, including William L. Jones, Neil M. Koehler, Douglas L. Kieta, John L. Prince, Daniel A. Sanders, Terry L. Stone and Robert P. Thomas.
Stockholders also ratified the selection of Hein & Associates LLP to continue to serve as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2007.
About Pacific Ethanol, Inc.
Pacific Ethanol is the largest West Coast-based marketer and producer of ethanol. Pacific Ethanol has an ethanol plant in Madera, California, and has four additional plants under construction in Boardman, Oregon; Burley, Idaho; in the Imperial Valley near Calipatria, California; and in Stockton, California. Pacific Ethanol also owns a 42% interest in Front Range Energy, LLC which owns an ethanol plant in Windsor, Colorado. Central to its growth strategy is its destination business model, whereby each respective ethanol plant achieves lower process and transportation costs by servicing local markets for both fuel and feed. Pacific Ethanol's goal is to achieve 220 million gallons per year of ethanol production capacity by the middle of 2008 and to increase total production capacity to 420 million gallons per year by the end of 2010. In addition, Pacific Ethanol is working to identify and develop other renewable fuel technologies, such as cellulose-based ethanol production and bio-diesel.
