NTR Acquisition faces tightening deadline

摘要

New York-Time is slipping away for NTR Acquisition, the blank check US company overseen by CEO Mario Rodriguez established to buy a small heavy crude refinery that has until early 2009 to make a deal. "The market has been undeniably challenging," Rodriguez said November 17. While refinery industry balance sheets are in relatively decent shape on a historic basis, "investing in refineries is more challenging because of a lack of access to debt." Rodriguez said. "Banks are not lending to other banks, much less to a refiner."