Big Island Carbon LLC, which spent some $50 million to build a biomass plant to turn Hawaii-grown macadamia nut shells into granulated activated carbon, has filed for Chapter 7 bankruptcy.
The company, which has not started commercial operations at the Kawaihae plant, has laid off all 25 employees, including CEO Rick Vidgen, who was let go on Oct. 9 along with Chief Operating Officer Fred Baker and Controller Gerald Gruber, according to documents filed with the U.S. Bankruptcy Court in Delaware, where the bankruptcy was filed on Nov. 5.
Vidgen declined to comment on the bankruptcy filing.
Read more: http://www.bizjournals.com/pacific/news/2012/11/27/biomass-producer-big-island-carbon.html
The company, which has not started commercial operations at the Kawaihae plant, has laid off all 25 employees, including CEO Rick Vidgen, who was let go on Oct. 9 along with Chief Operating Officer Fred Baker and Controller Gerald Gruber, according to documents filed with the U.S. Bankruptcy Court in Delaware, where the bankruptcy was filed on Nov. 5.
Vidgen declined to comment on the bankruptcy filing.
Read more: http://www.bizjournals.com/pacific/news/2012/11/27/biomass-producer-big-island-carbon.html
No comments:
Post a Comment