Reuters reports that German biomass-to-liquids (BTL) company Choren Industries GmbH has declared insolvency. Choren, a supplier of gasification technologies for the production of synthesis gas from carbonaceous solids, is building a BTL test plant in Germany.
The reason for the insolvency was financial difficulties with the start up of the company’s test plant, said a statement from interim insolvency administrator Kanzlei Kuebler. The plant is being built in Freiberg in south Germany to produce about 15,000 tonnes a year of biomass-to-liquid (BTL) fuels largely using wood products and wood-based waste.
The company will continue operations and it is hoped to start talks with new investors shortly, Kuebler said.
Subsidiaries in China and the US are not covered by the insolvency declaration, Kuebler said.