BPI Energy Holdings Inc. is an independent energy company based in Solon, Ohio

Solon, Ohio

Solon is a city in Cuyahoga County, Ohio, and is an affluent suburb of Cleveland in the Northeast Ohio Region, the 14th largest Combined Statistical Area in the United States. As of the 2010 census, the city population was 23,348...

. The company is engaged in the exploration, production and commercial sale of coalbed methane

Coal bed methane extraction

Coal bed methane extraction is a method for extracting methane from a coal deposit.-Basic principles:The methane is adsorbed into the solid coal matrix and is released when the coal seam is depressurised...

 (CBM) in the Illinois Basin, covering over 60,000 square miles (160,000 km²) in Illinois

Illinois

Illinois is the fifth-most populous state of the United States of America, and is often noted for being a microcosm of the entire country. With Chicago in the northeast, small industrial cities and great agricultural productivity in central and northern Illinois, and natural resources like coal,...

, southwestern Indiana

Indiana

Indiana is a US state, admitted to the United States as the 19th on December 11, 1816. It is located in the Midwestern United States and Great Lakes Region. With 6,483,802 residents, the state is ranked 15th in population and 16th in population density. Indiana is ranked 38th in land area and is...

 and northwestern Kentucky

Kentucky

The Commonwealth of Kentucky is a state located in the East Central United States of America. As classified by the United States Census Bureau, Kentucky is a Southern state, more specifically in the East South Central region. Kentucky is one of four U.S. states constituted as a commonwealth...

. The company has initiated gas sales from its Southern Illinois Basin Project and controls a dominant CBM land position in the Illinois Basin.

James G. Azlein is the company's president and CEO.

On February 3, 2009, BPI Energy Holdings, Inc. ("BPI Holdings") and its wholly owned subsidiary, BPI Energy, Inc. ("BPI Energy"), filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code with the U.S. Bankruptcy Court for the Northern District of Ohio, Eastern Division. BPI Holdings and BPI Energy are continuing to operate their businesses and manage their affairs as debtors in possession under the Bankruptcy Code.