CE&P Press Releases

California Ethanol & Power, LLC Adds Two Senior Executives to Management Team

News | July 26, 2013

For Immediate Release
 
CALIFORNIA ETHANOL & POWER, LLC
ADDS TWO SENIOR EXECUTIVES TO MANAGEMENT TEAM
 
BRAWLEY, CALIFORNIA – July 26, 2013 - California Ethanol & Power, LLC (CE&P) announced today that it had added two key senior executives to its management team over the past several months.  
 
Ralph A. Dehrmann joined CE&P as EVP Technologies and Operations on January 1, 2011.  Ralph has 25 years’ experience in the design, procurement of, equipment for, construction, operation and general management of sugarcane processing facilities.  Prior to joining CE&P, he managed the front-end engineering design, equipment supplier selection and related services for a sugarcane-to-ethanol, electricity and bio-methane plant in Sierra Leone of the same size as the Project.  Ralph holds a Higher National Diploma in Mechanical Engineering from the Durban University of Technology, South Africa.
 
Steven M. Passantino joined CE&P as Vice President, Financing on May 1 of this year.  Steve has over twenty years’ experience in accounting, finance and information technology with both publicly-traded and private equity-based companies.  He was most recently the Corporate Controller for a material handling systems development company wholly owned and operated by Danaher Corp., a publicly-traded Fortune 200 company.  Steve received his Bachelor of Science degree in Accounting from The City University of New York.
 
“The CE&P team is delighted with the decades of directly relevant experience and expertise that Ralph and Steve have brought to bear on the development and project financing phase of our multi-plant low-carbon renewable energy program in California,” stated CE&P President Jeffrey F. Lee.  “Each has made an immediate impact and contributed substantially to the potential success of CE&P, which expects to secure full funding for our first facility yet this year.”    
 
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California Ethanol & Power, LLC (www.CaliforniaEthanolPower.com) intends to produce sustainable low-carbon energy in California for use in California from sugarcane, the right renewable resource. CE&P intends to develop, finance, install, own and operate a series of Projects in the Imperial and Palo Verde Valleys that grow sugarcane, extract and ferment the juice into fuel-grade ethanol, convert the remaining biomass into electricity, produce biomethane and fertilizer feedstock from the fermentation process residue, and sell the field residue for forage or electricity generation. For more information, contact VP Marketing and Public/Investor Relations Camille Soriano at csoriano@CaliforniaEthanolPower.com. 
 
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This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are identified by the use of forward-looking terminology such as may, will, could, should, expect, anticipate, intend, plan, estimate, or continue or the negative thereof, or other variations thereof.  Each forward-looking statement, including, without limitation, any financial projections, speaks only as of the date on which it is made, and CE&P does not undertake an obligation to update any forward-looking statement to reflect events or circumstances after the date on which it is made, or to reflect the occurrence of anticipated or unanticipated events or circumstances.  The forward-looking statements are necessarily based on assumptions and estimates, and are inherently subject to various risks and uncertainties.  Actual results may vary materially as a result of changes or developments in social, economic, business, market, legal, and regulatory circumstances or conditions, both domestically and globally, as well as due to actions by customers, clients, suppliers, business partners, or government bodies.  Performance is subject to numerous factors, including demand for renewable fuels and the availability of, private and public sector funding. Results may also vary as a result of difficulties or delays experienced in the execution of contracts or implementation of strategic initiatives. 
 
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