Quebec · CCAA
Sixth Report to the Court submitted by Deloitte Restructuring Inc. in its capacity as Monitor dated September 24, 2026
Court officer report · 24 September 2026
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing9 verified
- secured creditorsnote: No amount stated in this report. Monitor consults Fiera on dismantling and monetization of the Alberta Plant. Fiera has reserved its rights as to whether EAB's cash and receivables (including a $1M sales tax refund) are assets of EAB or Enerkem, and as to allocation of costs and professional fees between the Applicants. · page: 4 · debtor: Enerkem Alberta Biofuels (EAB) · creditor: Fiera · currency: CAD · security: Described as 'the remaining secured creditor over the EAB assets'
- cash on handnote: EAB ending cash (table in $000's CAD: 635). Separately, the Administration Expense Reserve held by the Monitor had ending cash of $348K at the same date. · as at: 2026-08-31 · amount: 635000 · currency: CAD
- closing confirmedscope: the Transactions under the Subscription Agreement · outcome: completed · purchaser: Repsol Quimica, S.A., Monarch Alternative Capital LP and ESC Sustainable Solutions Fund, L.P. · date basis: unstated · approval order date: 2025-07-30
- operational summaryThe Residual Debtors have no operations; the Monitor is managing the dismantling and decommissioning of the Alberta Plant (the only remaining tangible asset) and environmental compliance, with a view to an orderly wind-down and termination of the CCAA proceedings. The Monitor seeks a stay extension to complete decommissioning plans and conclude a dismantling transaction.
- professional feesnote: Actual EAB professional fees of $46K vs budget $200K (favorable variance $154K due to delay in dismantling); a further $13K of professional fees was paid from the Administration Expense Reserve. Tax treatment not stated. · party: EAB professional fees (Monitor and professionals) · amount: 46000 · period: 4-month period May 1, 2026 to August 31, 2026 · currency: CAD
- purchaserRepsol Quimica, S.A., Monarch Alternative Capital LP and ESC Sustainable Solutions Fund, L.P.
- report date24 September 2026
- report noSixth Report
- sale outcometext: The Monitor continued discussions with bidders in the EAB SISP to assess dismantling costs of the Alberta Plant; subject to the outcome, a definitive agreement will be negotiated and submitted to the Court for approval. · scope: parcel · status: bid_selected