January 8, 2010 (FinancialWire) — Pacific Ethanol, Inc. (NASDAQ: PEIX) has resumed production at its 60 million gallon per year Magic Valley facility located in Burley, Idaho.

In February 2009, the company suspended production at the Magic Valley facility due to extended unfavorable market conditions. In May 2009, the company’s subsidiaries which own its four ethanol production facilities, including the Magic Valley plant, filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in the District of Delaware in an effort to restructure their indebtedness.

In December 2009, the company obtained necessary court and lender approvals to resume operations at the Magic Valley facility. The facility has completed all necessary safety and startup activities and is now producing and selling ethanol and feed products.

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