Georgia’s largest corn-ethanol producer has emerged from Chapter 11 restructuring with its management team intact, according to an article in Tuesday’s Atlanta Business Chronicle..

Southwest Georgia Ethanol LLC of Camilla, Ga., which filed for bankruptcy protection almost a year ago, emerged from bankruptcy on Dec. 31 with plans to produce 100 million gallons a year of the alternative fuel and retain all of its 64 employees, the company announced Tuesday.

“SWGE will have the benefit of a strong balance sheet, allowing SWGE to continue to be an economic engine for Southwest Georgia,” Murray Campbell, one of the company’s founders and its president, said in a prepared statement.

Besides Campbell, the company will retain Larry Kamp as chief financial officer, Brad Kusterman as director of commodities, Sandy Boone as controller, Josh Edwards as director of operations and Andy Culpepper as maintenance manager.

The company also has established a board of managers chaired by James Continenza, an experienced executive in the ethanol industry with a track record of turning around underperforming businesses, according to a news release.

Southwest Georgia Ethanol filed for bankruptcy after receiving written notice from a German commercial bank that it had violated terms of a $100 million construction loan and a $15 million working capital loan.

In filing for bankruptcy, the company cited “liquidity constraints arising from operational problems.”

The company’s emergence from bankruptcy comes as rare positive news for Georgia’s alternative energy industry, which has struggled mightily during the past year.

Colorado-based Range Fuels Inc. declared bankruptcy last month after closing its cellulosic ethanol plant near Soperton, Ga.

Earlier in the year, Oglethorpe Power Corp. canceled plans to build two biomass-fired power plants in Georgia, and Norcross, Ga.-based biomass energy systems company The McBurney Corp. filed for Chapter 11 bankruptcy protection.