Greenline Industries facing possible bankruptcy?

In California, Digest sources have indicated that it is expected that Greenline Industries, the world leader in waterless modular biodiesel processing technology, may file for bankruptcy protection as soon as some time this month.

Greenline raised $20 million in new financing in March 2008, and as late as December of last year announced an expansion in sales efforts. The company has provided clients with 33 biodiesel processing lines in 4 countries, representing more than 250 Mgy in capacity.

Free Subscription to the Daily Biofuels Digest e-newsletter

Related Stories

Tice becomes new CEO of biodiesel equipment maker Greenline Industries

In California, Greenline Industries has appointed Donn Tice as CEO. The Larkspur-based biodiesel equipment maker has been run by founder Michael Brown on an interim basis since the sudden departure la...

Leaf Clean Energy injects $20 million to expand Greenline Industries

In California, Leaf Clean Energy has invested $20 million in Greenline Industries, to facilitate expansion of Greenline's R&D effort. Leaf Clean, a publicly-traded investment company, said that it exp...

Greenline Industries says new biodiesel processor opens up more yellow grease, waste vegetable oil, other low-cost feedstocks

In California, Greenline Industries, which recently received a $20 million capital infusion, has developed a high free fatty acids processor that will permit more yellow grease and waste vegetable oil...

Miami to be home to new 60 Mgy biodiesel project from Oilsource Holding and Greenline Industries

In Florida, Oilsource Holding and Greenline Industries announced a 60 Mgy biodiesel plant in Miami. The $96 million project is expected to open in the first quarter of 2009. Last week, Hess said it w...

Greenline files for Chapter 7 liquidation: cautionary tale, downloadable

In California, former industry leader in waterless biodiesel Greenline Indistries filed for Chapter 7 bankruptcy liquidation, ending a 17-month saga following a $20 million investment in the company b...

SunPower BioDiesel opts for Greeline waterless biodiesel system for 3Mgy multi-feedstock project

In California, SunPower BioDiesel announced that it has selected Greenline Industries waterless biodiesel platform for its 3Mgy multi-feedstock biodiesel plant in Cumberland. The proposed plant will p...