US Canadian Biofuels, Home Fed Savings reach agreement to complete Beatrice Biodiesel

March 26, 2008

In Nebraska, U.S. Canadian Biofuels reached an agreement with Home Federal Savings Bank to release enough collateral to complete construction of Beatrice Biodiesel plant. Construction had shut down after an acquisition failed last month due to financing issues. The company has identified another undisclosed buyer, which required the company to complete construction. Under the agreement, US Canadian Biofuels will sell the plant before June 30.

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Written by Jim Lane · Filed Under Producer News