Fulcrum BioEnergy Chapter 11 Plan Approved

On Monday, April 14, 2025, waste-to-fuel recycler Fulcrum BioEnergy received approval of its Chapter 11 plan of liquidation following a “wildly successful” marketing process.

Morris Nichols represented Fulcrum BioEnergy and its affiliates in the case. At the confirmation hearing, Morris Nichols partner Curtis Miller told the court, “We’re very happy to be standing here today and we’re frankly amazed that we’re standing here today.”

As lead counsel, the Morris Nichols team of Rob Dehney, Curtis Miller, Dan Butz, Clint Carlisle, Avery Meng, and Jake Rauchberg assisted Fulcrum in navigating structural and contractual intercreditor and subordination issues involving their holding company, several intermediate holding companies, and a project company, all with different assets and capital structures.

The case began with a $5 million stalking horse bid, but ended with the closing of four sales that netted the estate more than $58 million.