Sunday, November 8, 2009

Fergus Falls Plant files Chapter 11

In the last published schedule for COES construction (DEC 2008), before construction was halted, the Fergus Falls, Mn plant had a planned 30 November 2009 COES Commissioning date. It was to be the 13th COES. They filed for bankruptcy on November 2nd.

Filing Here:

http://www.sec.gov/Archives/edgar/data/1425319/000114420409055789/v164400_8k.htm

Although the Ethanol Industry is on the rebound, some individual plants are still struggling - I suspect directly related to the structure of their debt load.

SkunK

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