Low Carbon Fuel to be phased in starting in 2011
11 States to Adopt California’s Low Carbon Fuel Standard
(California’s Low Carbon Fuel Standard, will be phased in starting in 2011, reports the Akron Beacon Journal)
If history is any guide we should see a jump in shares of (PEIX).
Here is a link to historical prices of (PEIX) last year at this time frame.
Although this time a jump by ethanol stocks actually has solid developments to support it:
Pacific Ethanol Stockton Facility Successfully Resumes Operations
Press Release Source: Pacific Ethanol, Inc. On Tuesday January 4, 2011, 8:30 am EST
SACRAMENTO, Calif., Jan. 4, 2011 (GLOBE NEWSWIRE) -- Pacific Ethanol, Inc. (PEI) (Nasdaq:PEIX - News), the leading West Coast marketer and producer of low-carbon renewable fuels has resumed production at the 60 million gallon per year ethanol production facility located in Stockton, CA. The first corn grind occurred on December 9th and the facility is now operating at close to operating capacity shipping ethanol and feed to local markets.
Neil Koehler, PEI's president and CEO, stated, "We achieved our goal of successfully restarting the Stockton ethanol facility in December 2010, which we believe increases our opportunity to benefit from the commencement of the California Low-Carbon Fuel Standard this month. The Stockton facility produces low carbon renewable fuel and high value feed to local California markets. With the recent signing of the participation agreement with the California Energy Commission, the facility is eligible for payments under the California Ethanol Producer Incentive Program."
About Stocks: PEIX