Pacific Ethanol, Inc. Announces Delay in Filing Its Form 10-Q for the Three Months Ended September 30, 2008

SACRAMENTO, Calif., Nov. 10 /PRNewswire-FirstCall/ -- Pacific Ethanol, Inc. (Nasdaq: PEIX), today announced a delay in the filing of its Quarterly Report on Form 10-Q for the three months ended September 30, 2008. As a result, the Company will file a Form 12b-25 with the U.S. Securities and Exchange Commission for an automatic extension of time to file the Form 10-Q and intends to make the filing by November 17, 2008.

About Pacific Ethanol, Inc.

Pacific Ethanol is the largest West Coast-based marketer and producer of ethanol. Pacific Ethanol has ethanol plants in Madera and Stockton, California; Boardman, Oregon; and Burley, Idaho. Pacific Ethanol also owns a 42% interest in Front Range Energy, LLC which owns an ethanol plant in Windsor, Colorado. Central to Pacific Ethanol's 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 has achieved its goal of 220 million gallons per year of ethanol production capacity in 2008 and has the goal to increase total production capacity to 420 million gallons per year in 2010. In addition, Pacific Ethanol is working to identify and develop other renewable fuel technologies, such as cellulose-based ethanol production and bio-diesel.

SOURCE Pacific Ethanol, Inc.

Released November 10, 2008