44 Mgy Nebraska ethanol plant files for Chapter 11

In Nebraska, Mid-America Agri Products filed for Chapter 11 bankruptcy protection for its 44 Mgy Cambridge ethanol plant. According to local news reports, the plant is listing $80 million in assets and $66 million in liabilities in its filing. The plant closed in January due to economic conditions, but plans to reopen did not materialize. The city of Cambridge said that it hoped for new ownership that would restart the plant.

Free Subscription to the Daily Biofuels Digest e-newsletter

Related Stories

Gateway Ethanol files for Chapter 11 bankruptcy

In Kansas, Gateway Ethanol filed for Chapter 11 reorganization, stating that it owed creditors between $50 and $100 million. Previously, Dougherty Funding had requested courts to establish an emergenc...

White Energy files for Chapter 11 protection for its 260 Mgy in ethanol output

In Texas, White Energy has filed for Chapter 11 protection, citing excess supply and high raw material prices for “minimal or non-existent profit margins” at its three ethanol plants with a combin...

Greater Ohio Ethanol files Chapter 11 bankruptcy

In Ohio, the Greater Ohio Ethanol Plant has filed for Chapter 11 bankruptcy protection for its 54 Mgy corn ethanol plant in Lima. The company said that they hope to continue running while reorganizing...

One third of US biodiesel plants idled; Nebraska biorefinery fails to find a buyer

In Nebraska, the Chapter 7 bankruptcy trustee for the idled 50 Mgy Beatrice Biodiesel plant in Beatrice said that he has not found a buyer for the biodiesel plant, despite seven months of searching. T...

Beatrice Biodiesel parent files for bankruptcy; 50 Mgy plant now controlled by AgStar Financial Services

In Nebraska, the parent company of the 50 Mgy Beatrice Biodiesel plant in Beatrice filed for Chapter 7 (liquidation) bankruptcy, handing control of the plant to AgStar Financial Services.  Agri Energ...

Ethanex Energy files for bankruptcy; cancels Nebraska acquisition

In Kansas, Ethanex Energy filed for bankruptcy after failing to raise $1.5 million in interim financing for a planned $220 million, three-plant acquisition in Nebraska....