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Pellet production, symbol pic. © Christoph Zeppetzauer

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Megapellet Energy declared insolvency

Article by Christoph Zeppetzauer, translated by Robert Spannlang | 22.04.2014 - 15:35

Production plant had capacity of 50,000 tons/yr

13932491686255.jpg

Pellet production, symbol pic. © Christoph Zeppetzauer

German pellet plant Megapellet Energy, Vossenack/DE, has filed for bankruptcy with the district court of Düren/DE on April 17. Lawyer Caroline Schmitz was appointed as provisional insolvency administrator.

The plant in the Eifel was built in 2008 for € 17 million, but already two years later sold by the original owner Stawag to Bioenergie Demmel, Greiz/DE. The parent company Bioenergy Demmel already had to file for bankruptcy in November 2013 at the district court of Erfurt. The capacity of the pellet plant was estimated at 50,000 t/yr.

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