Fulcrum BioEnergy's fiscal challenges led them to file for Chapter 11, revealing liabilities up to $500 million against only $10 million in listed assets.
Once a leader in sustainable aviation fuel, Fulcrum's shutdown and subsequent bankruptcy highlight the struggles within the alternative energy sector and project viability.
The bankruptcy filing faces over 200 creditors, including significant players such as WM and Marathon Petroleum, sidelining ambitious projects in waste-to-SAF technology.
Leadership instability post-closure, with a departure of Eric Pryor, compounds Fulcrum's issues and casts doubt on future management and operational direction.
#bankruptcy #sustainable-aviation-fuel #fulcrum-bioenergy #financial-distress #energy-sector-challenges
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