Biodiesel and Ethanol Investing

Biodiesel Magazine reports that Bioenergy of America and its two biodiesel facilities in Colorado lost a bankruptcy case. Bioenergy was building an 80 Mgy biodiesel plant in New Jersey but lost financing in January of 2007. The case was dismissed because Bioenergy couldn’t come up with exit financing to pay for administrative expenses and salaries. The company must now surrender the unfinished plant in NJ and the two Colorado plants will be served eviction notices.