Inactive Instrument

Blue Sugars Corporation

KLEG

US48248V2016

Blue Sugars Corporation Filed for Bankruptcy

May 10, 2013 at 05:00 am

Blue Sugars Corporation filed a voluntary petition for liquidation under Chapter 7 in the US Bankruptcy Court for the District of Nevada on May 10, 2013. The debtor listed its assets of $4.18 million and liabilities of $11.03 million. The largest unsecured creditors include Add Blue Consultoria Ltda, Banque Heritage S.A., Deutsche Bank AG, GDS Consult SA, Holland & Hart LLP, Lansing Securities Corp., Rapid City Area Economic Development Partnership, Union Processing Corp., Vincent Corporation and Warcoing Sucre SA.

The debtor is represented by Brett A. Axelrod and Micaela Rustia Moore of Fox Rothschild LLP as its legal counsels. W. Donald Gieseke has been appointed as the case trustee. Stephen R. Harris acted as legal counsel at an hourly rate of $400 and June Cox CPA as its accountant at an hourly rate of $250 for the trustee.

Latest news about Blue Sugars Corporation

Blue Sugars Corporation Went Out of Business	27/02/18	CI
GeoSynFuels, LLC completed the acquisition of substantially all of the assets of Western Biomass Energy, LLC from Blue Sugars Corporation and others.	10/03/14	CI
American Process Inc. cancelled the acquisition of substantially all assets of Western Biomass Energy, LLC from Blue Sugars Corporation and others.	10/03/14	CI
GeoSynFuels, LLC won the auction to acquire substantially all of the assets of Western Biomass Energy, LLC from Blue Sugars Corporation and others for $0.53 million.	03/07/13	CI
American Process Inc. agreed to acquire substantially all assets of Western Biomass Energy, LLC from Blue Sugars Corporation and others for $1.2 million.	03/07/13	CI
Blue Sugars Corporation Filed for Bankruptcy	10/05/13	CI
KL Energy Corporation has Changed its Name to Blue Sugars Corporation	27/06/12	CI
KL Energy Corporation Announces New Joint Development Agreement with Petrobras America	25/06/12	CI

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Company Profile

Blue Sugars Corporation (Blue Sugars), formerly KL Energy Corporation, develops and commercializes technology to convert biomass into ethanol, fermentable sugars and lignin. The Company offers a range of products, which include project development, engineering, procurement and construction (EPC) select services and solutions, technology license, structured financing, including co-investments and start-up and operating management. As of December 31, 2011, the Company operated a production capacity of up to 10,000 liters of fuel spec anhydrous ethanol per day. Blue Sugars's process technology is designed for integration with Brazilian sugarcane mills.

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Renewable Fuels

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