Weather Forecast

Close
Advertisement
Workmen use a tall lift as they put insulation around pipes at the Otter Tail Ag Enterprises ethanol plant under construction in 2008 in Fergus Falls. Forum file photo

Fergus Falls ethanol operator receives extension

Email News Alerts

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.

Are you a newspaper subscriber but you don't have a Digital Access account yet? You can activate your account here: Activate All Access.

You will need your subscription account number and phone number. Not sure if you have an account? Email us at subscriberservices@forumcomm.com and we can help you.

Advertisement
Advertisement
Advertisement
randomness