Pacific Ethanol Awarded $3 Million Grant to Support Sorghum Feedstock Program

Neil Koehler, the company’s president and CEO, stated: “We are honored to receive this important grant, which supports Pacific Ethanol’s collaboration with California Agriculture and the other ethanol producers in California toward the long-term development of sorghum feedstock for advanced biofuel production at both our Madera and Stockton California facilities.”

With the exception of historical information, the matters discussed in this press release including, without limitation, the ability of Pacific Ethanol to continue as leading producer and marketer of low-carbon renewable fuels in the Western United States; Pacific Ethanol’s receipt and use of funds from the California Energy Commission; and Pacific Ethanol’s ability to develop sorghum feedstock for advanced biofuel are forward-looking statements and considerations that involve a number of risks and uncertainties. The actual future results of Pacific Ethanol could differ from those statements. Factors that could cause or contribute to such differences include, but are not limited to, adverse economic and market conditions; changes in governmental regulations and policies; lack of funding; unsuccessful results of Pacific Ethanol’s sorghum feedstock program; and other events, factors and risks previously and from time to time disclosed in Pacific Ethanol’s filings with the Securities and Exchange Commission including, specifically, those factors set forth in the “Risk Factors” section contained in Pacific Ethanol’s Form 10-Q filed with the Securities and Exchange Commission on May 9, 2014.