Abengoa finalizes sale of European biofuel plants to Trilantic Europe

In Spain, Abengoa has finalized its deal with Trilantic Europe to sell the ailing company’s remaining four ethanol plants in Europe and a company marketing DDGS and buying grain. The total installed capacity for the three Spanish plants is 145 million gallons per year and another 66 million gallons at a facility in Pyrénées-Atlantiques, France. Following the company’s bankruptcy procedures and following restructuring, it sold of its US-based ethanol facilities along with other assets around the world last year in an effort to cover nearly EUR1 billion in debt.

Abengoa: The Digest’s 2015 5 Minute Guide

Category: Fuels