Evergreen Energy Gets OK For Sale Of Clean Coal Equipment

Law360, New York (August 30, 2012, 7:17 PM EDT) -- Bankrupt clean coal technology firm Evergreen Energy Inc. on Thursday got a judge's nod to sell about $75,000 worth of boiler parts and other assets to a subsidiary of a German shipping company, continuing its Chapter 7 wind-down.

BLG Cargo Logistics GmbH & Co., which is already holding the equipment at a warehouse in Germany, will buy it after the trustee said shipping the 1,000-ton equipment to the U.S. wouldn't be in the best interests of the estate.

BLG will pay $75,000 in cash and will...
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