Fergus Falls ethanol operator receives extension
Otter Tail Ag Enterprises, which operates the Fergus Falls, Minn., ethanol plant, has six more weeks to come up with $12 million worth of capital, or face possible liquidation to resolve its debt problems.
The company filed for Chapter 11 bankruptcy in November 2009 and originally faced a deadline of Aug. 18 to either come up with the $12 million or a court-approved plan for a lesser amount, CEO Anthony Hicks said.
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