All Entries Tagged With: "Panda Ethanol"
$200 million Texas ethanol plant sold for $25 million to creditor; future of Panda Ethanol plant in question
In Texas, the U.S. Bankruptcy Court for the Northern District of Texas approved the sale of the Panda Ethanol plant at Hereford ethanol plant for $25 million in credit to a lending syndicate led by Societe Generale.
The largest cash bid was $15 million from Ethanol Europe for the 100 Mgy plant, which was originally constructed [...]
April 27, 2009 | Jim Lane | Comments 0
Panda Ethanol subsidiary files Chapter 11; will put Texas ethanol plant up for sale following financing collapse
In Texas, Panda Ethanol’s Hereford Biofuels subsidiary filed for Chapter 11 bankruptcy, saying that the refusal by one of its lenders to fund loans had left the plant no choice but to pursue a Section 363 bankruptcy sale of its Hereford plant.
The plant is in the final stage of construction, which was delayed after a [...]
January 26, 2009 | Jim Lane | Comments 0
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