Hereford ethanol facility files for bankruptcy

The Panda Energy ethanol refinery in Hereford is for sale.

Panda's Hereford subsidiary filed for Chapter 11 bankruptcy after one of banks funding the project pulled out.

Leaders at Panda tried to work out a deal to keep the funding, but with the bad economy the bank refused.

Panda is talking with a potential buyer right now.

In the meantime, they plan to continue construction on the facility, which they say is almost complete.