Biocatalysis
Information and Commentary About Biofuels and Biotechnology
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Apr 12
Following in the footsteps of VeraSun, Aventine Renewable Energy Holdings hits the financial wall.
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Mar 19
Valero Energy will buy seven ethanol plants from VeraSun Energy for $477 million, the largest biofuel buyout in terms of production capacity. VeraSun, the country’s second-largest ethanol producer, filed for Chapter 11 bankruptcy protection in October. On Wednesday, a Delaware bankruptcy court approved the sale.
We can expect to see more of this as would be ethanol producers are unable to obtain funding and go Chapter 11.
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