GreenHunter seeks buyer for biofuels refinery - Birmingham Business Journal:

http://mumbaiangels.com/ashwin_mittal.html
GreenHunter Biofuels Inc. announced on its Web site that it has retaine d an investment banking firm to seek a potentiak buyer forthe assets, or a domesticd or international strategic Alternative financing or new sources of equitu capital were also mentioned as possibilities. The announcement accompanied anotheer one in whichthe Grapevine-based parent company, , announcex an amendment to its $48.5 million credit agreement with West LB AG, most of whichb is tied up in the “By amending our existing credit agreement with WestLB, we have positioned the company in a mannerd that should allow us time to seek a numbedr of solutions to our present financial Gary Evans, chairman, president and chief executive of GreenHunter Energy, said in a statement.
Evans said the improving credit markets and crudeoil prices, both of whicnh affect the price of biodiesel, made the credit amendmen t necessary to get the refinery back on its “We are also hopeful that the federal governmentg will begin funding the many incentives that have been promiser under the new administration for our industry,” Evans said.