Sundive Commodity Group files for Chapter 11 following Valero RIN suit

January 21, 2021 |

In Texas, Sundive Commodity Group, the company sued by Valero and allegedly others for failure to provide RINs despite contracts to do so which led to Valero spending more than $10 million extra to comply with its 2020 obligations, has filed for Chapter 11 bankruptcy protection in Bankruptcy Court for the Southern District of Texas. Filings show that Sundive has between $1 million and $10 million in assets but between $10 million and $100 million in liabilities with Valero the largest of the debtors at $10.1 million. Monroe Energy, Marathon Petroleum among many others are listed amongst the company’s 20 largest debtors.

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Category: Fuels

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