Heron Lake BioEnergy, LLC Auditor Raises 'Going Concern' Doubt
January 30, 2012 at 05:09 pm EST
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Heron Lake BioEnergy, LLC filed its 10-K on Jan 30, 2012 for the period ending Oct 31, 2011. In this report its auditor, Boulay, Heutmaker, Zibell & Co., PLLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.
Heron Lake BioEnergy, LLC owns and operates an ethanol plant near Heron Lake, Minnesota with a permitted capacity of approximately 72.3 million gallons per year of undenatured ethanol on a twelve-month rolling sum basis. In addition, Heron Lake BioEnergy, LLC produces and sells distillersâ grains with solubles and corn oil as co-products of ethanol production. The Companyâs segments include Ethanol Production and Natural Gas Pipeline. Heron Lake BioEnergy, LLCâs wholly owned subsidiary, HLBE Pipeline Company, LLC (HLBE Pipeline Company), is the sole owner of Agrinatural Gas, LLC (Agrinatural). Agrinatural, is a natural gas pipeline company that owns and operates the natural gas pipeline that provides natural gas to the Companyâs ethanol production facility and other customers through a connection with the natural gas pipeline facilities of Northern Border Pipeline Company in Cottonwood County, Minnesota.
HERON LAKE BIOENERGY, LLC 
