Tag: Southwest Georgia Ethanol
In Georgia, Southwest Georgia Ethanol has announced that it has shut down operations due to higher corn prices in the Midwest. The company says that it has the funds to buy corn during the next crop year when prices are lower, so insists that the shutdown is temporary.
In Georgia, AloStar Bank of Commerce has provided a $20 million secured revolving credit facility for Southwest Georgia Ethanol. SWGE emerged from Chapter 11 bankruptcy earlier this year, and has operated at full capacity for the past 12 months. AloStar’s secured credit facility will help the plant respond to variable pricing in the corn futures market, with […]
In Georgia, the state’s largest corn-ethanol producer, Southwest Georgia Ethanol LLC, has emerged from Chapter 11 restructuring with its management team intact. The Company filed for bankruptcy protection nearly one year ago, and emerged from bankruptcy on Dec. 31. It plans to produce 100 million gallons of ethanol annually and retain all of its 64 […]