Beatrice Biodiesel files for bankruptcy

By | October 14, 2008
Beatrice Biodiesel LLC filed for Chapter 7 bankruptcy as its 50 MMgy biodiesel facility under construction in Gage County, Neb., became the property of Minnesota-based AgStar Financial Services ACA. Beatrice Biodiesel initially attempted to file for Chapter 11 bankruptcy Aug. 21 after its parent companies U.S. Biofuels Inc. and Australian Ethanol Ltd. failed to supply sufficient funds to cover outstanding debt, according to Gage County Director of Economic Development Terri Dageford.
 
 
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