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Article: WASTE GENERATOR BRIEFS.(News)
- Article from:
- Waste & Recycling News
- Article date:
- May 25, 2009
CopyrightCOPYRIGHT 2009 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ETHANOL
Four ethanol plants file for Chapter 11
Subsidiaries operating four Pacific Ethanol Inc. ethanol production plants have filed for protection under Chapter 11 of the U.S. Bankruptcy Code.
The wholly owned units filed voluntary petitions in the U.S. Bankruptcy Court in Delaware, the company said May 18. They will try to restructure their debt while continuing to operate.
"We have worked well with our creditors to develop a plan that we believe allows us to continue operations and meet our commitments to our customers and vendors, said Neil Koehler, Pacific Ethanol president and CEO. "We are unwavering in our vision of being a ...