Alto Ingredients Awarded Active Pharmaceutical Ingredient Certification
SACRAMENTO, Calif., Feb. 03, 2021 (GLOBE NEWSWIRE)
Alto Ingredients, Inc. (NASDAQ: ALTO), a leading producer of specialty alcohols and essential ingredients, announced its Illinois Corn Processing (ICP) facility is now ICH Q7 certified.
Mike Kandris, Alto Ingredients’ CEO, said, “Our commitment to provide our customers the absolute best quality products is reflected by this significant achievement. In October of 2020, we obtained our ISO 9001 certification, the world’s most widely recognized standard for quality management systems. Now with our internationally recognized ICH Q7 certification, our alcohol is certified for use as an active pharmaceutical ingredient. Markets for our alcohol include use in beauty and oral care products such as foundation and mouthwash, in addition to other uses within the pharmaceutical and personal care product industries. Our dedication to quality required to attain ICH
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Pacific Ethanol Amends its Credit Agreements with CoBank
Pacific Ethanol, Inc.December 21, 2020 GMT
Company pays $24.9 million principal payment in cash
Company expects to be net term debt free at the end of 2020
SACRAMENTO, Calif., Dec. 21, 2020 (GLOBE NEWSWIRE) Pacific Ethanol, Inc. (NASDAQ: PEIX), a leading producer of specialty alcohols and essential ingredients, announced an amendment to the terms of its credit agreements with CoBank, ACB (CoBank).
The Company, with its borrower subsidiaries, Pacific Ethanol Pekin, LLC and Illinois Corn Processing, LLC paid $24.9 million in connection with the amendments, repaying all term debt and reducing the borrowers’ revolving lines of credit to $30 million in total. At the same time, CoBank and the borrowers agreed to reduce certain reporting requirements and eliminate the requirement of the Chief Restructuring Officer position. With th