Atvos files for bankruptcy protection

In Brazil, Renewables Now reports that Atvos, owned by Odebrecht, failed to make payments on its $250 million loans to Lone Star Funds and Castlelake at the end of 2017 so has filed for bankruptcy protection. The company currently produces around 10% of Brazilian ethanol. Atvos had pledged 30% of its sugarcane production as collateral for the loan, and earlier this year the two lenders allegedly sought court permission earlier this year to take that cane.