Remember – as the cost of conventional fuel rises, these projects will become cost competitive!
Court documents confirm Toronto-based KPMG has been appointed as the receiver for Great Lakes Biodiesel (GLB), along with associated companies Einer Canada and Bioversel Trading.
It’s the latest chapter in the rocky history of Great Lakes Biodiesel, which opened the production facility in Welland at the end of 2012 to convert canola and soybean oil into biodiesel.
Luxembourg-based investment company Heridge SARL launched the court case because it says it was only repaid half of a $20-million loan used to get GLB’s Welland plant off the ground.
h/t John Galt


