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FUEL ethanol subsidiary files for bankruptcy in Georgia

February 8, 2011 |

In Georgia, Southwest Georgia LLC, a subsidiary of FUEL who had recently received notice of default on its $14.8 million loans and lines of credit from WestLB, has filed for Chapter 11 bankruptcy protection. Fluctuating corn prices and delayed corn shipments squeezed the company’s financial capacity, leading to insolvency.

More on the story.

Category: Fuels

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