16 March 2010 18:54 [Source: ICIS news]
The company was one of several US ethanol producers that filed for Chapter 11 bankruptcy protection in early 2009, when the industry went into a tailspin in the wake of the global financial crisis.
Aventine listed $799m (€583m) in assets and $490.7m in debt when it filed for bankruptcy protection.
The Illinois-based company has ethanol capacity of 207m gal/year (783m litres/year), according to the Renewable Fuels Association (RFA).
($1 = €0.73)
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