NEW YORK, NY--(Marketwire -04/20/12)- Ethanol stocks are gaining attention after prices for the fuel received a boost in recent weeks following the announcement that the US Environmental Agency (EPA) had officially approved E15 as a registered fuel. "States in the Midwest have begun to address their regulatory requirements and perhaps as early as summer we could see E15 at fuels stations in the Heartland of America. The future for consumers, ethanol producers and this country has just gotten a little brighter, a little stronger," said Bob Dinneen, President and CEO of the Renewable Fuels Association. Five Star Equities examines the outlook for companies in the Ethanol Industry and provides equity research on Pacific Ethanol Inc. (NASDAQ: PEIX - News) and Green Plains Renewable Energy Inc. (NASDAQ: GPRE - News).
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Advocates of ethanol for many years have been seeking government approval for an increase in the proportion of ethanol in the fuel mix sold. The current mix for fuel sold to power vehicles contains 10 percent ethanol and 90 percent gasoline. But a new blend with 15 percent ethanol -- known as E15 -- can be used by vehicles manufactured in 2001 or later. On April 2 the US Environmental Protection Agency (EPA) officially approved E15 as a registered fuel.
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Pacific Ethanol, Inc. is the leading marketer and producer of low-carbon renewable fuels in the Western United States. Pacific Ethanol also sells co-products, including wet distillers grain (WDG), a nutritional animal feed. Serving integrated oil companies and gasoline marketers who blend ethanol into gasoline, Pacific Ethanol provides transportation, storage and delivery of ethanol through third-party service providers in the Western United States, primarily in California, Nevada, Arizona, Oregon, Colorado, Idaho and Washington.
Green Plains Renewable Energy, Inc. is North America's fourth largest ethanol producer. The company recently announced that it will hold a conference call to discuss its first quarter 2012 financial results on Thursday, April 26, 2012 at 11:00 a.m. ET. Green Plains' participants will include Todd Becker, President and Chief Executive Officer, Jerry Peters, Chief Financial Officer, and Jeff Briggs, Chief Operating Officer. Following their presentation, participants will be available for a brief question and answer session.
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