Seneca Bioenergy files for bankruptcy protection

In New York state, Seneca Bioenergy has filed for bankruptcy protection in the U.S. Bankruptcy Court for the Western District of New York with debts of around $1 million. The company plans to continue operating during restructuring and is looking for a “white knight” investor to secure the operating capital the company needs to keep going, waiting for funds and grants to come in.

 

Category: Fuels