Aventine Renewable Energy Holdings Inc., which last Friday announced the layoff of 25 people and on Monday said it lost $47.1 million in 2008, is facing possible reorganization bankruptcy in the near future, CEO Ron Miller said Wednesday.
"Bankruptcy is out there as a possibility. It's highly dependent on re-establishing the demand for ethanol," he said of the corn-based fuel.
Thanks for reading!
4 years ago