Pacific Ethanol buys 167 million pounds of sugar from USDA for feedstock
In California, Pacific Ethanol Plants entered into an agreement to purchase surplus raw beet sugar for use as ethanol feedstock.
The Pacific Ethanol Plants purchased 167 million pounds of surplus raw beet sugar to be blended with corn at the Pacific Ethanol Plants over the next year, representing feedstock for approximately 12 million gallons of ethanol. The sugar was purchased from the Commodity Credit Corporation, a division of the U. S. Department of Agriculture, through its Feedstock Flexibility Program. The purchase price represents a substantial discount to current and expected costs of delivered corn.