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Chevron-Backed Joint Venture Hits Ch. 11 With $29.7M In Debt

By Clara Geoghegan · December 4, 2023, 7:05 PM EST

Renewable oil producer Novvi LLC told a Texas bankruptcy court its two largest creditors signed off on Chapter 11 plans to shift its sales strategy and streamline operations to come out...

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Bankruptcy Scorecard

Summary

Novvi LLC is a renewable biofuel joint venture majority-owned by a Chevron subsidiary and co-owned by German oil refiner H&R Group and also-bankruptcy biochemical company Amyris

Case Number

23-bk-90906

Judge

Christopher M. Lopez

Venue

U.S. Bankruptcy Court for the Southern District of Texas

Capital Structure

Total Liabilities:

$29.7 million

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