In Brazil, Abengoa Bioenergia’s local arm has sought bankruptcy protection as the company continues its winding down exercises in various asset classes as part of its wider global restructuring to avoid bankruptcy. As of December, the company owed $265 million in bank debt. The company owns two sugarcane-based ethanol mills, crushing a total of 7 […]
In Spain, the former Abengoa biodiesel plant in San Roque has come back online after being mothballed for 18 months thanks to its new owners, Cepsa Bioenergia. The plant has been upgraded to produce 200,000 metric tons of FAME along with 25,000 tons of glycerin and was integrated into Cepsa’s Gibraltar-San Roque Refinery next door. […]
In the UK, European ethanol production is ramping back up with gusto thanks to Ensus and Vivergo back online but beet and corn-based ethanol production are also seen helping the trade block reach a record high of nearly 6.3 billion liters this year. Abengoa’s collapse last year that saw production region-wide fall to nine-year lows […]
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. […]
In Spain, Abengoa has sold its three Spanish and one French ethanol plants to fund manager Trilantic Europe for EUR140 million, finalizing the sale of the last of the company’s bioenergy assets, a sector in which it invested more than EUR5 billion including its second generation ethanol plant in Hugoton, Kansas and plants across the […]
In Missouri, good news for Abengoa Bioenergy’s unsecured creditors who are looking to get about 30 cents on the dollar of what they’re owed compared to a penny on the dollar as first expected thanks to an agreement made by creditors. The company liquidated about $140 million following the sales of its biofuels plants in […]
In Spain, a judge has approved Abengoa’s sale of its biodiesel plant in San Roque, Cadiz to Cepsa for EUR8 million but also left open a period of 10 days from the date of the decision on December 30 for other potential buyers to make offers for the facility. The existing staff of 51 get […]
In Washington, the Department of Energy, Department of Justice and other federal agencies are opposing Abengoa’s bankruptcy plan, saying at least part of the $130 million in subsidies the US government has plowed into the company over the years be recuperated. The case is set to be heard in a Delaware bankruptcy court on Tuesday. […]
In New Mexico, Natural Chem has completed the purchase of Abengoa’s mothballed ethanol plant in Portales that the company plans to launch its regional Eco-Fuels initiative from. In line with the state’s B5 mandate, rather than ethanol production the facility will be used as a biodiesel blending depot including E5 and E20 blends. Natural Chem […]
In Kansas, Shell filed a $26 million stalking horse bid for Abengoa’s 25 million gallon per year Hugoton cellulosic ethanol plant, a mere 5% of the project’s development and build cost. The offer was made on October 12 with the U.S. Bankruptcy Court of the District of Kansas and a hearing was held on October […]
