Milligan Biofuels enters receivership

Foam Lake, Saskatchewan, canola processor and biodiesel manufacturer Milligan Biofuels has entered receivership.

The company, which was founded by a group of farmers as Milligan Bio-Tech in the ’90s, is known for purchasing heated and off-grade canola from growers across Western Canada, producing biodiesel, fuel conditioners, road dust suppressant, rust inhibitors, and other canola derivatives.

The Court of Queen’s Bench for Saskatchewan issued an order appointing Hardie & Kelly Inc. as receiver and manager on February 1st after ATB Financial filed an application to call in the remainder of a loan, with an amount due and owing of $490,331.

Milligan opened its biodiesel plant at Foam Lake in 2009 and underwent a major expansion in 2011, with capacity to produce 20 million litres of biodiesel per year from 60,000 tonnes of canola.

The plant at Foam Lake employed around 45 people. The company also had a regional sales office in Red Deer, Alberta and a corporate office in Calgary, Alberta.

Read the court documents related to Milligan Biofuels’ receivership proceedings on the receiver’s website, here.

Leave a Reply

 

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Privacy Preference Center

Necessary

Necessary cookies help make a website usable by enabling basic functions like page navigation and access to secure areas of the website. The website cannot function properly without these cookies.

gdpr, __cfduid, PHPSESSID, wordpress_test_cookie, woocommerce_items_in_cart, woocommerce_cart_hash, wp_woocommerce_session, wordpress_logged_in, wordpress_sec, wp-settings, wp-settings-time, __cf_mob_redir, wordpress_cache, realag
__cfduid

Marketing

Measuring interactions with the ads on the domain.

__gads,fsk_ut_2317
IDE

Statistics

These are used to track user interaction and detect potential problems. These help us improve our services by providing analytical data on how users use this site.

_ga,_gid,_gat,_cb,_chartbeat2,_chartbeat4
_ga,_gid
metrics_token

Preferences

Preference cookies enable the website to remember information that changes the way the website behaves or looks, like your preferred language or the region that you are in.

chartdefaults, comment_author, comment_author_email, comment_author_url
JSESSIONID, _os_session,anonymous_votes,csrf-param,csrf-token,user,user-id,user-platform,intercom-session,intercom-lou,intercom-session
personalization_id, tfw_exp

 

Register for a RealAgriculture account to manage your Shortcut menu instead of the default.

Register