EXHIBIT 21.1
 
SUBSIDIARIES OF THE REGISTRANT

Subsidiary Name
Names Under Which
Subsidiary Does Business
State or Jurisdiction of
Incorporation or Organization
     
Pacific Ethanol California, Inc.
Pacific Ethanol
California
Kinergy Marketing, LLC
Kinergy Marketing
Oregon
ReEnergy, LLC
ReEnergy
California
Pacific Ag Products, LLC
Pacific Ag Products/PAP
California