This tag is associated with 4 posts

Vertellus files for bankruptcy

Indianapolis, US-based Vertellus Specialties has long been a player in the castor oil derivatives market even before it was formed in 2006 through the combined operations of Reilly Industries and Rutherford Chemicals (anybody remembers sebacic acid producer, Caschem based in New Jersey?). Vertellus recently announced that it has voluntarily filed for Chapter 11 Bankruptcy protection in … Continue reading »

Abengoa files for insolvency protection

It might not be a good 2016 for Spain’s largest renewable energy company, Abengoa SA, as it teeters on bankruptcy following a huge stock price fall by more than 50% when the company announced on November 25 that it failed to close a deal with a major new investor, Gonvarri Steel Industries, a subsidiary of … Continue reading »

Industry shake-out: Cobalt Technologies exit

It has been a long time since anybody heard from Cobalt Technologies and my last post about it was in 2013. I read this interesting news from butanol experts, Sam Nejame and James Evangelow, who posted on Biofuel Digest about the demise of n-butanol tech developer, Cobalt Technologies. In May, Silicon Valley Disposition announced that it has … Continue reading »

KiOR ran out of fuel

Advanced biofuel company, KiOR, Inc. has finally waved the white flag and filed for Chapter 11 in the US Bankruptcy Court for the District of Delaware after several months of dire warnings during earnings calls that the company has been running out of funds and still has over two hundred million dollar debts to pay to … Continue reading »

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