Hawkeye units go bustThis article was originally published in The Public Ledger
US ethanol firm Hawkeye Energy Holdings said its unit, Hawkeye Renewables, filed for bankruptcy protection under a pre-arranged plan that will convert debt into equity. This covers two plants. The firm listed assets of $100m to $500m and debt of $500m to $1bn. Hawkeye Growth, which has two ethanol plants in Iowa, and Hawkeye Gold, which markets ethanol and distillers grains, are not affected.