administration

Australian Sustainable Energies becomes part of volunteer administration

Plantations International Information The board of directors of Australian Renewable Fuels (ARFuels), the country's largest biodiesel manufacturer, has positioned the company into volunteer management. Under Australian law, voluntary management is a kind of bankruptcy plan, which develops a chance for flexible strategies to bring around a better end result for stakeholders compared to might otherwise take place in liquidation. The company cites the recent rapidly decreasing oil prices and the resultant raising prices of feedstock, in ARFuels' situation got oils and also fats. According to a statement from the company, there has actually historically been a "relatively short time lag" in [...]

Bankrupt biodiesel maker ARFuels enters voluntary administration

Plantations International Information On Jan. 21, biodiesel producer Australian Renewable Fuels Ltd. revealed that its board of supervisors has actually unfortunately placed the firm right into a state of volunteer administration, which the firm describes as "a type of insolvency arrangement that develops a possibility for flexible as well as cutting-edge strategies to bring about a better end result for stakeholders than could otherwise happen in liquidation." The business points out quickly decreasing oil costs, the breakdown in correlation between petroleum and also feedstock rates, and also "proceeded as well as destabilizing uncertainty of the [Australian] federal government's policy in respect [...]

German biodiesel quality administration team elects brand-new board

Plantations International News At the German biodiesel quality management group’s (AGQM) general assembly in Berlin in November, members elected their new board of directors. Following the resignation of AGQM Chairman Juergen Fischer (then with ADM Research GmbH) last April, Deputy Chairman Georg Pollert was elected interim Chairman. In November, the general assembly officially elected him next chairman of the board. Rolf Sieber (SBE BioEnergie Handelsgesellschaft mbH) was confirmed as deputy chairman and Ruediger Brautzsch (Cargill GmbH) was elected second deputy chairman. AGQM members also confirmed Frank Kohl (NEW Energy West GmbH), Elmar Baumann (VDB, Verband der Deutschen Biokraftstoffindustrie e.V.) and Henning [...]