Bankrupt

Plantations International Information On Jan. 21, biodiesel producer Australian Renewable Fuels Ltd. revealed that its board of supervisors has actually unfortunately placed the firm right into a state of volunteer administration, which the firm describes as "a type of insolvency arrangement that develops a possibility for flexible as well as cutting-edge strategies to bring about a better end result for stakeholders than could otherwise happen in liquidation." The business points out quickly decreasing oil costs, the breakdown in correlation between petroleum and also feedstock rates, and also "proceeded as well as destabilizing uncertainty of the [Australian] federal government's policy in respect [...]