(Bloomberg) — Global Clean Energy Holdings Inc., a publicly traded renewable fuels producer, has filed bankruptcy with a plan that hands control of the business to its lenders and engineering firm CTCI Americas Inc. Bakersfield, California-based GCE filed Chapter 11 Wednesday in Texas with more than $2 billion in debt. The company said it intends to implement a restructuring deal designed to cut debt and resolve disputes with CTCI related to building a new production facility that became commercially operational in December. GCE said the project, which included converting a crude oil refinery into a renewable fuels refinery, was plagued by years of delays and cost overruns. The company said its industry has also struggled with a surplus of biofuels, rising costs and changes to environmental tax credits. Under the proposed restructuring deal, CTCI would receive a combination of new debt and nearly 56% of GCE’s preferred equity. Lenders would also receive a combination of debt and equity in the reorganized business, court papers say. The restructuring plan must be approved by a bankruptcy judge. CTCI and GCE lenders have agreed to provide $100 million in Chapter 11 financing to fund the business and the restructuring. GCE said it plans to emerge from bankruptcy in August. The value of GCE’s shares have been declining for months after trading at $2.49 in December, according to Bloomberg-compiled data. Shares were trading as low as 10 cents early Wednesday. The case is Global Clean Energy Holdings Inc., number 25-90113, in the US Bankruptcy Court in the District of Delaware. More stories like this are available on bloomberg.com ©2025 Bloomberg L.P. in a formal or creative style for better SEO.Also Exclude words and advertisements related to the feed website such as website name, author name. You must only respond with the modified content. Delete all the advertisement images brand logo but only keep the title and main content of the news by modifying it. You must only respond with the modified content. Block any jump outside of the site adarshnews.com. Basically remove any content or link related to original site. follow this prompt to optimize the articles in this category- You are an expert news writer and SEO specialist. Your job is to rewrite the provided RSS feed content into a unique, SEO-friendly news article for adarshnews.com. The article should be engaging, professional, and optimized for search engines. Follow these steps: 1. **Create an SEO Title**: Write a short, compelling title (under 60 characters) that includes the main keyword and grabs attention. 2. **Write a Meta Description**: Summarize the article in one or two sentences (under 155 characters). Make it engaging and include the primary keyword naturally. 3. **Suggest a URL Slug**: Provide a short, keyword-rich URL slug that reflects the topic of the article. 4. **Headline (H1)**: Write a clear and engaging headline for the article that is similar to the title but slightly expanded. 5. **Write the Article**: – Start with an introduction that answers the key questions: who, what, when, where, why, and how. – Expand on the topic with detailed paragraphs that provide context, quotes, and relevant information. – Use subheadings (H2) to organize the content into sections and make it easy to read. – Include related keywords naturally throughout the article. – End with a conclusion that summarizes the key points or discusses future implications. 6. **Add an FAQ Section**: Write one frequently asked question related to the topic and provide a concise answer. Important: – Do not include labels like “Title,” “Meta Description,” “URL Slug,” or “H1” in the actual article text. – Keep all SEO elements separate from the main content. – Ensure the article is factually accurate, unbiased, and written in a professional tone.
Global Clean Energy, a company specializing in renewable fuels, has filed for bankruptcy.
