USA – CalPlant, based in Willows, Ca., has opted to initiate an orderly liquidation of its assets under bankruptcy protection.

The company manufactures the world’s first no-added-formaldehyde, rice straw-based medium density fiberboard, Eureka MDF.

Liquidation will be completed through a Plan of Liquidation to be approved by the United States Bankruptcy Court for the District of Delaware .

Pursuant to the Worker Adjustment and Retraining Notification Act (WARN), all employees have been issued 60-day WARN notices and were notified of the impending closure of the Company. During that 60-day period, the Company will focus on a sale of assets, in whole or in parts.

CalPlant and its predecessor company, CalAg, LLC, have spent many years researching, developing, and patenting a process to make high-quality MDF using annually renewable rice straw as the feedstock, the disposal of which has posed environmental issues in California for decades.