Fergus Falls ethanol plant files for bankruptcy
CALLAWAY -- Otter Tail Ag Enterprises ethanol plant in Fergus Falls has run into financial difficulties with a recent Chapter 11 bankruptcy filing.
But Otter Tail Ag CEO Anthony Hicks said that the filing should help the plant emerge with a good chance to succeed.
He addressed a Detroit Lakes Regional Chamber of Commerce's Agricultural Issues forum in Callaway on Thursday.
The bankruptcy filing was pre-arranged with its creditors, Hicks said.
Are you a newspaper subscriber but you don't have a Digital Access account yet? https://secure.forumcomm.com/?publisher_ID=40&event=subscriber/lookup.
You will need your subscription account number and phone number. Not sure if you have an account? Email us at firstname.lastname@example.org and we can help you.