Vertex Energy, a biofuels producer based in Alabama, has filed for bankruptcy after struggling to stay afloat for months. The company said that a sale may be one of its options as it succumbed to an unfavorable macroeconomic environment that earlier this year forced it to close its biodiesel production facility in Mobile, Alabama. Vertex’s woes likely stemmed from the fast buildup in biofuel production capacity across the United States over the past few years. Even traditional refiners converted their refineries into biofuel production facilities…
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