Nova Bioresource Fuels files for bankrutpcy as another biofuels company sinks under low prices, high costs

Biofuels Digest
April 02, 2009 Jim Lane

In New York, Nova Biosource Fuels announced that it has filed for bankruptcy, citing the crash in energy prics. The company said that it has $50 million in liabilities and assets. Nova produces biodiesel from fats, oils and greases, and said that it had a total of five refineries.

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