AgriBeef demands investors pay $3 million default on loan to North Star Biofuels

July 30, 2014 |

In California, Idaho’s AgriBeef is demanding its other partners in the North Star Biofuels venture in Watsonville pay $3 million of a $9 million loan the company put up in 2012 to start construction on the facility. The project only came online in June 2014, meaning that the first $3 million in payments were defaulted upon. The facility produces biodiesel from beef tallow.

 

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