In Texas, the San Antonio Business Journal reports Earth Energy Renewables has filed for Chapter 11 bankruptcy protection, listing debts of between $1 million and $10 million against assets of between $10 million and $50 million. The company uses a waste-to-energy technology developed by Texas A&M University professor that produces organic acids and esters. It […]
In Canada, BioAmber Inc. announced that it filed a voluntary petition for relief under chapter 11 of the United States Bankruptcy Code and that its two Canadian subsidiaries, BioAmber Sarnia Inc. and BioAmber Canada Inc., filed a Notice of Intention (the “NOI”) to make a proposal under the Bankruptcy and Insolvency Act (Canada), with a […]
In Delaware, Acting U.S. Trustee Andrew Vara says KiOR shouldn’t be allowed it implement its bankruptcy reorganization plan to leave Chapter 11, saying it won’t have enough money to be a viable business. According to the plan, the company will have $30 million in exit financing with about $7 million going to creditors and $10 […]
In Wyoming, Blue Sugars says that its Upton-based Western Biomass Energy filed for Chapter 11 on Oct. 31, 2012 and is currently undergoing restructuring. The company listed a total of $31.5 million secured debt and unsecured debt at $3.84 million, but about $30 million of the debt is with Blue Sugars. The company was the […]
In Florida, Dade City-based Agri-Source Fuels has filed for Chapter 11 though the company says that employees are expected to keep their jobs through the reorganization process. The company owes vendors more than $4 million and is restructuring rather than liquidating, it said.
