BioEnergy of America files for bankruptcy

By | February 11, 2008
BioEnergy of America Inc. filed for Chapter 11 protection in January, following the loss of a major funding source for its biodiesel production plant under construction in New Jersey. According to company founder Tom Davanzo, two affiliated biodiesel plants in Denver-previously under the BioEnergy of Colorado name-have ceased operations as a result.

Those plants produced a total of 18 MMgy of soy-based fuel. The New Jersey facility was slated to produce 80 MMgy from multiple feedstocks. Davanzo said he will re-enter the biodiesel business once a bankruptcy court has settled the case.
 
 
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