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 companys assets.
A creditors meeting is due to be held on February 1.
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ARfuels said in a statement to the ASX that rapidly declining oil prices and the federal governments actions contributed the companys current situation.
Th…
Read the full article at: http://www.smartcompany.com.au/finance/49594-regional-business-collapses-into-voluntary-administration-and-says-the-federal-government-is-partly-to-blame/