Positive Ethanol Plant News
Domestic Fuel:
Despite the tough economic climate for all industries, including ethanol, there are still some plants moving toward production.
BioFuel Energy Corp. of Denver has reached a debt repayment plan with Cargill and two other debt holders to help the company get two plants on-line in Nebraska and Minnesota.
According to a release from BioFuel Energy, “Despite the significant hedging losses incurred and announced in August, the Company’s operating subsidiaries have remained financially sound and continued to meet all their obligations” with the exception of Cargill and the two holders of its subordinated debt.
The company hopes to have its Wood River, Nebraska and Fairmont, Minnesota plants certified and running at capacity by year-end.
Related posts:
- Area Ethanol Company Seeking Investors DL-Online: Otter Tail Ag Enterprises, LCC in Fergus Falls has...
Related posts brought to you by Yet Another Related Posts Plugin.
