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View Full Version : A tough end to 2007 and start to 2008 for biodiesel makers in the US



Biofuelsimon
11th January 2008, 12:14 AM
(automatically updated/inserted from The Big Biofuels Blog)


It was a tough end to 2007 and hard start to 2008 for biodiesel makers in the US. There have been at least three petitions for bankruptcy for US Biodiesel producers in the last few days of 2007 and the first few days of 2008. Most recently U.S. Bioenergy of America filled for Chapter 11 protection (http://www.reuters.com/article/bondsNews/idUSN092900820080109)last week but before that Green Country Biodiesel (http://www.biodieselmagazine.com/article.jsp?article_id=1978) filed to have assets at its Chelsea, Oklahoma facility liquidated just before Christmas. However, its not all bad news Earth Biodiesel, successfully staved off an attempt by creditors to get it wound up in mid December (http://www.bizjournals.com/dallas/stories/2007/12/10/daily9.html). Earth Biodiesel distributes BioWillie (http://www.icis.com/blogs/biofuels/archives/2007/04/celeb-endorsements-who-be-best.html), among other things.

More (from The Big Biofuels Blog)... (http://www.icis.com/blogs/biofuels/archives/2008/01/a-tough-end-to-2007-and-start.html)