A regional energy start-up, which attracted millions from the Federal Government and was supported by local and interstate universities in its quest to develop a new industry creating hundreds of jobs, has been placed in voluntary administration.
Whyalla-based Muradel, which described itself as an advanced bio-crude oil production company, is now under the control of BDOs Andrew Fielding and Nicholas Martin.
A spokeswoman for the administrators said the appointment was effective from April 3.
The business was not trading at the time of our appointment. BDO are exploring a sale of the companys assets and/or shares, she said.
The business, which emp…
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