date:Aug 05, 2013
North Star was overdue paying the loan because of malfunctioning equipment.
Both companies now expect the lawsuit to be dismissed after they reached a tentative agreement to restructure the loan.
The new facility, which was to be completed by April, has a production capacity of 40,000 gallons of biodiesel per day. North Star Biofuels manufactures biodiesel from animal fats and other raw materials used in the biodiesel industry, according to the company's web site.
Agri Beef is a vertically in