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Latest VeraSun Energy Corporation Stories

2009-03-18 15:08:00

AMES, Iowa, March 18 /PRNewswire/ -- Bruce Rastetter, CEO of Hawkeye Energy Holdings issued the following statement regarding the auction of VeraSun Energy Corporation assets: "I would like to congratulate Valero and welcome them into the ethanol production business. We are very pleased that one of the nation's leading oil refiners has decided to invest in the ethanol industry. As the nation moves toward E-15 blending, ethanol will remain an increasingly key component of America's gasoline...

2009-02-06 17:20:00

SIOUX FALLS, S.D., Feb. 6 /PRNewswire-FirstCall/ -- VeraSun Energy Corporation today announced that the Company filed a Bid Procedures and Sale Motion in the United States Bankruptcy Court for the District of Delaware seeking authority to sell substantially all of the assets of VeraSun Energy Corporation and 24 of its affiliates through a court-approved sale process.   As part of the sales process, the Company has signed an agreement with Valero Energy Corporation to sell substantially...

2008-12-04 17:11:00

SIOUX FALLS, S.D., Dec. 4 /PRNewswire-FirstCall/ -- VeraSun Energy Corporation announced that the U.S. Bankruptcy Court has entered orders granting final approval for debtor-in-possession (DIP) financing totaling $196.6 million, including $93.6 million of incremental financing, $25 million of which was previously loaned to the Company on an interim basis, to be provided by certain holders of VeraSun's 9 7/8% senior secured notes due 2012. The incremental financing will be available,...

2008-11-06 09:00:38

Researched by Industrial Info Resources (Sugar Land, Texas) -- VeraSun Energy Corporation (NYSE:VSE) (Brookings, South Dakota), the nation's second largest ethanol producer, has delayed the start-up of two new fuel ethanol plants in Janesville and Welcome, Minnesota. For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=140879, or browse other breaking industrial news stories at...

2008-11-04 00:00:00

SIOUX FALLS, S.D., Nov. 3 /PRNewswire/ -- VeraSun Energy Corporation, one of the nation's largest ethanol producers, announced today that it had received commitments for up to $215 million in debtor in possession (DIP) financing from certain holders of VeraSun's 9 7/8% senior secured notes due 2012 and groups of lenders led by AgStar Financial Services. At today's "first day" hearing, the U.S. Bankruptcy Court entered an interim order allowing VeraSun and its affiliates to borrow up to $40...

2008-11-01 00:01:17

SIOUX FALLS, S.D., Oct. 31 /PRNewswire-FirstCall/ -- VeraSun Energy Corporation , one of the nation's largest ethanol producers announced today the Company and 24 of its subsidiaries have filed voluntary petitions for relief under chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware to enhance liquidity while they reorganize. The filing was precipitated by a series of events that led to a contraction in VeraSun's liquidity, impairing its...

2008-09-19 00:00:26

SIOUX FALLS, S.D., Sept. 18 /PRNewswire-FirstCall/ -- In light of strategic interest expressed by multiple parties during its current equity offering, VeraSun Energy Corporation ("VeraSun") has retained Morgan Stanley to act in an advisory capacity to evaluate strategic alternatives. In addition, VeraSun suspended its previously announced equity offering. About VeraSun Energy Corporation VeraSun Energy Corp. , headquartered in Sioux Falls, S.D., is a leading producer and marketer of...

2008-08-11 21:00:46

BROOKINGS, S.D., Aug. 11 /PRNewswire-FirstCall/ -- VeraSun Energy Corporation , one of the nation's largest ethanol producers, today announced its financial results for the three months ended June 30, 2008. The Company increased revenues by 499% over the second quarter of 2007, to $1.015 billion, and generated earnings of $.15 per diluted share. EBITDA for Q2 2008 increased to $73 million as compared to $33 million for Q2 2007. "VeraSun exceeded one billion dollars in revenues this...

2008-07-24 09:01:06

Researched by Industrial Info Resources (Sugar Land, Texas) -- VeraSun Energy Corporation (NYSE:VSE) (Brookings, South Dakota), the nation's second-largest ethanol producer, has announced that it has put the company's 12th fuel ethanol plant online in Hankinson, North Dakota. The news comes on the heels of an announcement last month that VeraSun had delayed the opening of two new 110-million-gallon-per-year fuel ethanol plants that were nearing completion in Welcome, Minnesota, and Hartley,...

2008-06-17 06:00:35

Researched by Industrial Info Resources (Sugar Land, Texas)--VeraSun Energy Corporation (NYSE:VSE)(Brookings, South Dakota) has delayed the opening of two fuel-ethanol plants that are nearing construction completion in Welcome, Minnesota, and Hartley, Iowa. Although the plants will be completed as scheduled, production will not begin until corn and ethanol market conditions improve. Other small and midsize ethanol producers could be forced to shut down operations. For details, view the...


Word of the Day
conjunto
  • A style of popular dance music originating along the border between Texas and Mexico, characterized by the use of accordion, drums, and 12-string bass guitar and traditionally based on polka, waltz, and bolero rhythms.
The word 'conjunto' comes through Spanish, from Latin coniūnctus, past participle of coniungere, to join together; see conjoin