{"id":791271,"date":"2024-11-29T08:34:08","date_gmt":"2024-11-29T13:34:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/alto-ingredients-inc-to-cold-idle-magic-valley-facility-at-year-end\/"},"modified":"2024-11-29T08:34:08","modified_gmt":"2024-11-29T13:34:08","slug":"alto-ingredients-inc-to-cold-idle-magic-valley-facility-at-year-end","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/alto-ingredients-inc-to-cold-idle-magic-valley-facility-at-year-end\/","title":{"rendered":"Alto Ingredients, Inc. to Cold Idle Magic Valley Facility at Year End"},"content":{"rendered":"
\n

– Plant to Operate as a Terminal –<\/p>\n

PEKIN, Ill., Nov. 29, 2024 (GLOBE NEWSWIRE) — Alto Ingredients, Inc. (NASDAQ: ALTO)<\/strong>, a leading producer and distributor of specialty alcohols, renewable fuels and essential ingredients, has announced that it will cold idle its Magic Valley, Idaho facility on December 31, 2024, yet continue to provide terminal services at the plant.<\/p>\n

\u201cWith the first quarter 2025 forecasts of very low to negative crush margins in the West, it is fiscally prudent to idle the Magic Valley facility to minimize anticipated financial losses,\u201d said Alto Ingredients President and CEO Bryon McGregor. \u201cConsistent with our commitment to our customers, we will meet our remaining contractual responsibilities and then operate our Magic Valley plant as a terminal. We intend to resume operations at the facility when the economic environment improves on a more sustainable basis. We believe these actions will have a positive impact on our overall financial results.\u201d<\/p>\n

\n About Alto Ingredients, Inc.<\/strong>
\n
Alto Ingredients, Inc. (ALTO) is a leading producer and distributor of specialty alcohols, renewable fuels and essential ingredients. The company is focused on products for four key markets: Health, Home & Beauty; Food & Beverage; Essential Ingredients; and Renewable Fuels. The company\u2019s customers include major food and beverage companies and consumer products companies. For more information, please visit\u00a0www.altoingredients.com<\/a>.<\/p>\n

\n Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 <\/strong>
\n
Statements and information contained in this communication that refer to or include Alto Ingredients\u2019 estimated or anticipated future results or other non-historical expressions of fact are forward-looking statements that reflect Alto Ingredients\u2019 current perspective of existing trends and information as of the date of the communication. Forward looking statements generally will be accompanied by words such as \u201canticipate,\u201d \u201cbelieve,\u201d \u201cplan,\u201d \u201ccould,\u201d \u201cshould,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cforecast,\u201d \u201coutlook,\u201d \u201cguidance,\u201d \u201cintend,\u201d \u201cmay,\u201d \u201cmight,\u201d \u201cwill,\u201d \u201cpossible,\u201d \u201cpotential,\u201d \u201cpredict,\u201d \u201cproject,\u201d or other similar words, phrases or expressions. Such forward-looking statements include, but are not limited to, statements concerning Alto Ingredients\u2019 projections of future crush margins; Alto Ingredients\u2019 ability to meet forward contract commitments to its customers; and the effects on Alto Ingredients of cold idling its Magic Valley facility. It is important to note that Alto Ingredients\u2019 plans, objectives, expectations and intentions are not predictions of actual performance. Actual results may differ materially from Alto Ingredients\u2019 current expectations depending upon a number of factors affecting Alto Ingredients\u2019 business and plans. These factors include, among others, economic and market conditions, including for specialty alcohols, renewable fuels and essential ingredients; export conditions and international demand for the Alto Ingredients\u2019 products; fluctuations in the price of and demand for oil and gasoline; and raw material costs, including production input costs, such as corn and natural gas. These factors also include, among others, the inherent uncertainty associated with financial and other projections and events, factors and risks previously and from time to time disclosed in Alto Ingredients\u2019 filings with the Securities and Exchange Commission including, specifically, those factors set forth in the \u201cRisk Factors\u201d section contained in Alto Ingredients\u2019 Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 8, 2024.<\/p>\n

\n Company IR Contact:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/strong>
\n
Michael Kramer, Alto Ingredients, Inc., 916-403-2755, Investorrelations@altoingredients.com<\/a><\/p>\n

\n IR Agency Contact:<\/strong>
\n
Kirsten Chapman, Alliance Advisors Investor Relations, 415-433-3777, Investorrelations@altoingredients.com<\/a><\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

– Plant to Operate as a Terminal – PEKIN, Ill., Nov. 29, 2024 (GLOBE NEWSWIRE) — Alto Ingredients, Inc. (NASDAQ: ALTO), a leading producer and distributor of specialty alcohols, renewable fuels and essential ingredients, has announced that it will cold idle its Magic Valley, Idaho facility on December 31, 2024, yet continue to provide terminal services at the plant. \u201cWith the first quarter 2025 forecasts of very low to negative crush margins in the West, it is fiscally prudent to idle the Magic Valley facility to minimize anticipated financial losses,\u201d said Alto Ingredients President and CEO Bryon McGregor. \u201cConsistent with our commitment to our customers, we will meet our remaining contractual responsibilities and then operate our Magic Valley plant as … <\/p>\n

Continue reading “Alto Ingredients, Inc. to Cold Idle Magic Valley Facility at Year End”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-791271","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAlto Ingredients, Inc. to Cold Idle Magic Valley Facility at Year End - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/alto-ingredients-inc-to-cold-idle-magic-valley-facility-at-year-end\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alto Ingredients, Inc. to Cold Idle Magic Valley Facility at Year End - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"– Plant to Operate as a Terminal – PEKIN, Ill., Nov. 29, 2024 (GLOBE NEWSWIRE) — Alto Ingredients, Inc. (NASDAQ: ALTO), a leading producer and distributor of specialty alcohols, renewable fuels and essential ingredients, has announced that it will cold idle its Magic Valley, Idaho facility on December 31, 2024, yet continue to provide terminal services at the plant. \u201cWith the first quarter 2025 forecasts of very low to negative crush margins in the West, it is fiscally prudent to idle the Magic Valley facility to minimize anticipated financial losses,\u201d said Alto Ingredients President and CEO Bryon McGregor. \u201cConsistent with our commitment to our customers, we will meet our remaining contractual responsibilities and then operate our Magic Valley plant as … Continue reading "Alto Ingredients, Inc. to Cold Idle Magic Valley Facility at Year End"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/alto-ingredients-inc-to-cold-idle-magic-valley-facility-at-year-end\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-29T13:34:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTI5MTE5MSM2NjE0MjcwIzIwMDcxMDE=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/alto-ingredients-inc-to-cold-idle-magic-valley-facility-at-year-end\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/alto-ingredients-inc-to-cold-idle-magic-valley-facility-at-year-end\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Alto Ingredients, Inc. to Cold Idle Magic Valley Facility at Year End\",\"datePublished\":\"2024-11-29T13:34:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/alto-ingredients-inc-to-cold-idle-magic-valley-facility-at-year-end\\\/\"},\"wordCount\":549,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/alto-ingredients-inc-to-cold-idle-magic-valley-facility-at-year-end\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTI5MTE5MSM2NjE0MjcwIzIwMDcxMDE=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/alto-ingredients-inc-to-cold-idle-magic-valley-facility-at-year-end\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/alto-ingredients-inc-to-cold-idle-magic-valley-facility-at-year-end\\\/\",\"name\":\"Alto Ingredients, Inc. to Cold Idle Magic Valley Facility at Year End - 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