Regional business collapses into voluntary administration and says the federal government is partly to blame

 

A biodiesel plant listed on the Australian Securities Exchange says the federal government is partly to blame for it collapsing into voluntary administration.

Australian Renewable Fuels Limited, based in Barnawartha in north-east Victoria, appointed voluntary administrators on Thursday.

Melissa Humann, David McEvoy and Nicholas Martin from PPB advisory are now managing the company’s assets.

A creditors’ meeting is due to be held on February 1.

Read More: The idiot’s guide to plummeting oil prices and trade prospects with the Middle East

ARfuels said in a statement…

Continue reading…