Pekin ethanol producer may try to reorganize

Peoria Journal Star
By STEVE TARTER
of the Journal Star
Posted Mar 18, 2009 @ 07:33 PM
Last update Mar 19, 2009 @ 06:47 AM

Aventine CEO Ron Miller says bankruptcy is a 'possibility'

PEKIN — Tough times for the biofuels industry may mean bankruptcy for a Pekin-based ethanol producer.

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.

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