Ethanol Producer White Energy Enters Ch. 11

Law360, New York (May 8, 2009, 12:00 AM EDT) -- White Energy Inc. has joined the long line of ethanol producers to file for Chapter 11 protection, blaming skyrocketing commodity prices and investor speculation for the move.

In a filing in the U.S. Bankruptcy Court for the District of Delaware on Thursday, White Energy said it planned to use its time under court protection to reorganize its operations. The company was joined by four subsidiaries in the bankruptcy filing.

The company claimed to be among the 10 largest ethanol producers in the U.S., which it sold...
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