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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 [...]
