<SEC-DOCUMENT>0000000000-20-005282.txt : 20200730
<SEC-HEADER>0000000000-20-005282.hdr.sgml : 20200730
<ACCEPTANCE-DATETIME>20200615144744
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000000000-20-005282
CONFORMED SUBMISSION TYPE:	UPLOAD
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20200615

FILED FOR:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Pacific Ethanol, Inc.
		CENTRAL INDEX KEY:			0000778164
		STANDARD INDUSTRIAL CLASSIFICATION:	INDUSTRIAL ORGANIC CHEMICALS [2860]
		IRS NUMBER:				412170618
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		UPLOAD

	BUSINESS ADDRESS:	
		STREET 1:		400 CAPITOL MALL, SUITE 2060
		CITY:			SACRAMENTO
		STATE:			CA
		ZIP:			95814
		BUSINESS PHONE:		916-403-2123

	MAIL ADDRESS:	
		STREET 1:		400 CAPITOL MALL, SUITE 2060
		CITY:			SACRAMENTO
		STATE:			CA
		ZIP:			95814

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ACCESSITY CORP
		DATE OF NAME CHANGE:	20030627

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DRIVERSSHIELD COM CORP
		DATE OF NAME CHANGE:	20001115

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FIRST PRIORITY GROUP INC
		DATE OF NAME CHANGE:	19920703
PUBLIC REFERENCE ACCESSION NUMBER:		0001213900-20-014132
</SEC-HEADER>
<DOCUMENT>
<TYPE>LETTER
<SEQUENCE>1
<FILENAME>filename1.pdf
<TEXT>
<PDF>
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<FILENAME>filename2.txt
<TEXT>
United States securities and exchange commission logo





                              June 12, 2020

       Michael D. Kandris
       Co-President and Co-Chief Executive Officer
       Pacific Ethanol, Inc.
       400 Capitol Mall, Suite 2060
       Sacramento, California 95814

                                                        Re: Pacific Ethanol,
Inc.
                                                            Registration
Statement on Form S-3
                                                            Filed June 4, 2020
                                                            File No. 333-238939

       Dear Mr. Kandris:

              We have limited our review of your registration statement to
those issues we have
       addressed in our comments. In some of our comments, we may ask you to
provide us with
       information so we may better understand your disclosure.

              Please respond to this letter by amending your registration
statement and providing the
       requested information. If you do not believe our comments apply to your
facts and
       circumstances or do not believe an amendment is appropriate, please tell
us why in your
       response.

              After reviewing any amendment to your registration statement and
the information you
       provide in response to these comments, we may have additional comments.

       Registration Statement on Form S-3

       Exhibits

   1.                                                   We note that your forum
selection provision identifies the Court of Chancery as the
                                                        exclusive forum for
certain litigation, including any "derivative action." Please revise
                                                        your prospectus to
clearly describe this provision and to describe any risks or other
                                                        impacts on investors.
Risks may include, but are not limited to, increased costs to bring a
                                                        claim and that these
provisions can discourage claims or limit investors' ability to bring a
                                                        claim in a judicial
forum that they find favorable. Also disclose whether this provision
                                                        applies to actions
arising under the Securities Act or Exchange Act. In that regard, we
                                                        note that Section 27 of
the Exchange Act creates exclusive federal jurisdiction over all
                                                        suits brought to
enforce any duty or liability created by the Exchange Act or the rules and
                                                        regulations thereunder,
and Section 22 of the Securities Act creates concurrent jurisdiction
 Michael D. Kandris
Pacific Ethanol, Inc.
June 12, 2020
Page 2
       for federal and state courts over all suits brought to enforce any duty
or liability created by
       the Securities Act or the rules and regulations thereunder. If the
provision applies to
       Securities Act claims, please also revise your prospectus to state that
there is uncertainty
       as to whether a court would enforce such provision and that investors
cannot waive
       compliance with the federal securities laws and the rules and
regulations thereunder. If
       this provision does not apply to actions arising under the Securities
Act or Exchange Act,
       please also ensure that the exclusive forum provision in the governing
document states
       this clearly, or tell us how you will inform investors in future filings
that the provision
       does not apply to any actions arising under the Securities Act or
Exchange Act.
        We remind you that the company and its management are responsible for
the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action
or absence of
action by the staff.

       Refer to Rules 460 and 461 regarding requests for acceleration. Please
allow adequate
time for us to review any amendment prior to the requested effective date of
the registration
statement.

       Please contact Tim Buchmiller at (202) 551-3635 or Joseph McCann at
(202) 551-6262
with any questions.



                                                              Sincerely,
FirstName LastNameMichael D. Kandris
                                                              Division of
Corporation Finance
Comapany NamePacific Ethanol, Inc.
                                                              Office of Life
Sciences
June 12, 2020 Page 2
cc:       Larry A. Cerutti, Esq.
FirstName LastName
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</DOCUMENT>
</SEC-DOCUMENT>
