Source: AgriNews

VeraSun Energy Corp., the nation's second largest ethanol producer, is putting seven of its biorefineries up for auction as part of a bankruptcy court financing agreement.

VeraSun needs up to $12.3 million in additional funds to maintain its work force and plants in Ord and Central City in Nebraska; Albert City and Dyersville in Iowa, Woodbury, Mich., Hankinson, N.D., and Janesville, Minn., through April 30, according to a filing approved Thursday by a federal bankruptcy court in Delaware.

"As part of the agreement, the lender is calling for a sales process by auction," VeraSun spokesman Mike Lockrem said Friday.

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