Future of Burgess BioPower in doubt

Burgess BioPower biomass plant in Berlin. (COURTESY PHOTO)

BERLIN — While the Burgess BioPower biomass plant undertakes its annual spring maintenance outage, bankruptcy proceedings over future ownership of the facility continue in the U.S. Bankruptcy Court of Delaware.

Burgess BioPower filed for Chapter 11 back on Feb. 9 and is pursuing what it calls a “toggle” approach “simultaneously pursuing both a sales process and a plan that includes a debt-for-equity swap by the debtors’ debtors-in-possession lenders and senior lenders.”

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