Pacific Ethanol, Inc. (Pacific Ethanol) is a producer and marketer of low-carbon renewable fuels in the Western United States. Pacific Ethanol markets all the ethanol produced by four ethanol production facilities located in California, Idaho and Oregon, or the Pacific Ethanol Plants, all the ethanol produced by two other ethanol producers in the Western United States and ethanol purchased from other third-party suppliers throughout the United States. The Company also markets ethanol co-products, including wet distiller’s grains, or WDG, and corn oil for the Pacific Ethanol Plants. The Company’s corn oil is sold to poultry and biodiesel customers. The Company’s subsidiaries include Kinergy Marketing LLC and Pacific Ag. Products, LLC. The Company manages the production and operation of the following four ethanol production facilities: Pacific Ethanol Madera LLC, Pacific Ethanol Columbia, LLC, Pacific Ethanol Stockton LLC and Pacific Ethanol Magic Valley, LLC.