Nova Biosource files for bankruptcy
US-based Nova Biosource Fuels has filed for Chapter 11 bankruptcy with a need to restructure its biodiesel refining business.
The company has up to $50 million (€37.8 million) of both liabilities and assets.
Nova Biosource produces diesel from animal-derived fats, greases and vegetable-based oils, operating in five refineries.
Nova Biosource, which reported a Q1 net loss of $11 million, included 10 affiliates in the bankruptcy filing.
The company has up to $50 million (€37.8 million) of both liabilities and assets.
Nova Biosource produces diesel from animal-derived fats, greases and vegetable-based oils, operating in five refineries.
Nova Biosource, which reported a Q1 net loss of $11 million, included 10 affiliates in the bankruptcy filing.
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