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'Biofuel plants face bankruptcy' biofuel plants

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Biofuel plants face bankruptcy

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10/14/08 00:03

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Biofuel plants face bankruptcy

With the lack of capital to keep projects running, the biodiesel industry is also facing a financial meltdown of its own.

Aside from the lack of capital, crop prices have also spiked up, no thanks to the recent food crisis. With these factors and a lot more, biofuel plant owners are starting to scrap their projects one by one. Is there still any chance for recovery? We can only hope.

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