19 February 2009 22:35 [Source: ICIS news]
HOUSTON (ICIS news)--The US Bankruptcy Court in Delaware approved the bidding procedures on Thursday for bankrupt US ethanol producer VeraSun Energy, which plans to sell substantially all of its assets, including its plants, in an auction.
The court will hold an auction on 16 March, with a hearing regarding the auction set for 18 March.
All auction sales are to close by 31 March, according to court filings.
VeraSun, which owns and operates 16 plants, filed for bankruptcy protection after making bad bets on corn futures.
On 7 February, ?xml:namespace>
For more on ethanol visit ICIS chemical intelligence
Bookmark Simon Robinson’s Big Biofuels Blog for some independent thinking on biofuels
To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections