German Biofuel Firm Choren Declares Insolvency
(Reuters) German second generation biofuels company Choren Industries GmbH has declared insolvency, a company spokesperson said on Friday.
Choren is building Germany’s first biofuels plant producing using second generations of biomass raw materials.
…The plant is being built in Freiberg in south Germany to produce about 15,000 tonnes a year of biomass-to-liquid (BTL) fuels largely using wood products and wood-based waste.
The company will continue operations and it is hoped to start talks with new investors shortly, Kuebler said. READ MORE