Pacific Ethanol Units File For Bankruptcy Protection

Production units of biofuel maker Pacific Ethanol filed for bankruptcy protection Monday amid pressure from weak demand & low prices. The parent company & its marketing units didn't file for bankruptcy protection. Pacific Ethanol said it would continue operating its four wholly owned ethanol production plants in CA, OR & ID under an asset management agreement, and would continue selling its product under current marketing agreements. Shares of Pacific Ethanol recently trading nearly 45% lower at 31