| SeniorCitizen - 2/1/2008 13:47
Bio-Diesel usage peaked in August of last year, similar to the year before, & almost identical to the year prior to that, current usage is running substantially above a year ago.
how many went bankrupt 2 yrs ago or last year? it made sense when beans were 6 7 8 9 $$
not $13 lol!!!!
http://www.biodieselmagazine.com/article.jsp?article_id=2070
“There weren’t very positive margins to the business” that would have enabled the Colorado operations to pay off the mounting debts, Davanzo continued. “I’m afraid that the Chapter 11 of the New Jersey operation will probably suck the whole company down the tubes.”
or
Construction Halted at NPP Biodiesel Plant in Evansville "Higher commodity prices for their crops is one of the reasons why many farmers decide to get involved with the biofuels business. But ironically, that same scenario is starting to back-fire for investors of the North Prairie Productions biodiesel plant being constructed in Evansville. This week, investors were sent a letter from the NPP Board of Directors informing them that construction of the $42 million facility has been 'temporarily suspended' because of the cost of soybean byproducts." (same plant, different publication) Construction Halted On Large Biofuel Plant
or
Daily Oklahoman, The (KRT) -- Nov. 9 -- Rising soybean prices and a lack of financing have led to the bankruptcy of a biodiesel plant in Chelsea in northeastern Oklahoma.
Green Country Biodiesel LLC filed for liquidation in Tulsa bankruptcy court last week. It listed debts of almost $255,000 and assets of about $127,000.Green Country's largest unsecured creditor was agricultural giant Cargill Inc., which is owed more than $128,000 for soy oil.
or
WisconsinAgConnection.com reports that Bioenergy of America filed for Chapter 11 bankruptcy. The company listed its assets at between $1 and $10 million with debts between $10 and $50 million. Bioenergy did not announce what forced it to file the bankruptcy.
Edited by AGtrader 2/1/2008 14:01
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