Exhibit 21.1
Subsidiaries of the Registrant
| Subsidiary Name(*) |
Names Under Which Subsidiary Does Business(**) |
State or Jurisdiction of Incorporation or Organization |
| Kinergy Marketing, LLC | Kinergy Marketing | Oregon |
| Pacific Ag Products, LLC | Pacific Ag Products/PAP | California |
| Pacific Ethanol Management Services Corp. | Delaware | |
| Pacific Ethanol Development, LLC | Delaware | |
| New PE Holdco LLC(1) | Delaware | |
| Pacific Ethanol Holding Co LLC(1) | Delaware | |
| Pacific Ethanol Columbia, LLC(1) | Delaware | |
| Pacific Ethanol Madera LLC(1) | Delaware | |
| Pacific Ethanol Magic Valley, LLC(1) | Delaware | |
| Pacific Ethanol Stockton LLC(1) | Delaware |
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| (*) | All subsidiaries are wholly-owned by the Registrant unless otherwise specified by footnote. | |
| (**) | If different from the name of subsidiary. | |
| (1) | The Registrant holds an 80% ownership interest in New PE Holdco LLC. Pacific Ethanol Holding Co LLC is wholly-owned by New PE Holdco LLC. Pacific Ethanol Columbia, LLC, Pacific Ethanol Madera LLC, Pacific Ethanol Magic Valley, LLC and Pacific Ethanol Stockton LLC are wholly-owned by Pacific Ethanol Holding Co LLC. |