‘Financial’ ethanol plant goes into administration
Australia’s first sorghum-fed ethanol plant located in Dalby, Darling Downs, Australia, has gone into voluntary administration 18 months after opening.
Now the refinery located in Dalby, Darling Downs, Australia, has gone into voluntary administration.
Ernst and Young have been brought in to review the business, which owes creditors over $80 million (€65.4 million). Selling the facility could be a strong possibility according to Ernst and Young, however it is hoped that that plant will continue operations and there are no planned redundancies.
The mayor of Western Downs Ray Brown said the news was unexpected, commenting: ‘Our understanding earlier this year was that it was quite financial.’
Now the refinery located in Dalby, Darling Downs, Australia, has gone into voluntary administration.
Ernst and Young have been brought in to review the business, which owes creditors over $80 million (€65.4 million). Selling the facility could be a strong possibility according to Ernst and Young, however it is hoped that that plant will continue operations and there are no planned redundancies.
The mayor of Western Downs Ray Brown said the news was unexpected, commenting: ‘Our understanding earlier this year was that it was quite financial.’
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