Alt Energy Company Files Bankruptcy
CVN News
11-28-2009
Atlanta-based Global Energy Holdings has filed for Chapter 11
bankruptcy as it tries to move from ethanol to landfill
gas production.
The bankruptcy filing came despite the firm reporting 28
million in assets and only $3.7 million in liabilities.
Over the last two years, Global has lost almost $45
million. It has reported losses of around $7 million
so far in 2009.
Global is working on a deal to provide landfill gas
to Coca Cola.
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