Posts tagged with
bankruptcy

Colorado Wood Pellet Manufacturer Files For Bankruptcy

A Colorado-based company that says it is the largest wood pellet manufacturer in the western United States has filed for Chapter 11 bankruptcy. Confluence Energy LLC, which is based in Kremmling in Grand County, said in a Tuesday filing that it owes $14.95 million to between 100 and 199 creditors. The company listed assets of […]

New Hampshire Governor’s Veto Of Biomass Bill Devastates Forest Industry

Gov. Chris Sununu vetoed Senate Bill 365 last month, a critical bill for six New Hampshire biomass plants that provide a market for our local forest landowners to sustainably manage their lands. It has only been a few weeks and already our state’s $1.4 billion forest economy is reeling from his decision. Since his veto, […]

Mississippi Biofuel Case: $4.5M For Investors Under Federal Settlement

A federal judge has approved a $4.5 million settlement for private shareholders of failed biofuel maker KiOR, and a lawsuit by the state of Mississippi seeking to recover a much larger amount continues. U.S. District Judge Lee Rosenthal issued the order Monday in Houston approving the settlement, intended to partially compensate 23,000 shareholders for money […]

Drax Biomass To Acquire Louisiana Wood Pellet Company

Drax Biomass—the wood pellet manufacturing company that operates two huge white pellet storage domes at the Port of Greater Baton Rouge, as well as two other pellet production facilities in the area—has been selected as the winning bidder for the acquisition of Louisiana Pellets out of bankruptcy. The Urania-based company filed for Chapter 11 in […]

Drax To Buy Two Distressed U.S. Pellet Plants

Drax Group PLC is looking to buy two pellet plants in the US that have filed for bankruptcy. The owner of the UK’s largest power plant said it has submitted initial cash offers for the operating assets of Texas Pellets and Louisiana Pellets as part of auction processes to be held on 1 and 2 […]

Controversial Pellet Mill Put On Hold In South Carolina

Elizabeth Patrick loves her Fairfield County community, White Oak, because it’s quiet and full of friendly neighbors in a rural setting. “We would just hate to see that ruined by the glare of, basically, what would look like a small industrial city,” she said. Patrick is referring to AEC Pellet, a company that chops up […]

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