In Missouri, Green Plains has confirmed closure of the ethanol plants that it bought from Abengoa in Madison, Illinois; Mount Vernon, Indiana; and York, Nebraska, adding another 236 million gallons of annual production to the company’s portfolio for $237 million. The company then turned around and sold the storage capacity at the three facilities to […]
In Missouri, the bankruptcy court in St. Louis on Monday approved the sales of Abengoa’s ethanol plants that had been tentatively sold at auction over the past few weeks. Closing of the transactions that saw Green Plains walk away with three ethanol facilities along with KAAPA and ICM who each got one facility is estimated […]
In Kansas, Ocean Park Advisors says there will be an auction for Abengoa’s cellulosic ethanol plant in Hugoton in October and they are 100% confident the facility will sell. The company says there has been a lot of interest in purchasing the facility, with more than 15 parties already having done site visits and engineering […]
In Kansas, ICM was the successful bidder of the Abengoa plant in Colwich located just a few hundred yards from the company’s headquarters. The company bought the facility that has been mothballed since November for $3.1 million. The ethanol plant was bought by Abengoa in 2001 and had been operating for 20 years before then. […]
In Missouri, the U.S. Bankruptcy Court in St. Louis said that KAAPA Ethanol is the successful bidder for the Abengoa ethanol plant in Ravenna, Nebraska at $115 million. KAAPA’s CEO said he hopes closure on the plant will be completed by the end of September. KAAPA was the only bidder for the Ravenna plant. In […]
In Nebraska, Green Plains announced that it was the successful bidder on three ethanol plants for sale by Abengoa Bioenergy conducted under the provisions of the U.S. Bankruptcy Code. The company will purchase the Madison, Ill., Mount Vernon, Ind. and York, Neb. ethanol facilities, with combined annual production capacity of 236 million gallons per year, […]
In Nebraska, word has arrived from Green Plains that it will purchase the Madison, Ill., Mount Vernon, Ind. and York, Neb. ethanol facilities from Abengoa Bioenergy with combined annual production capacity of 236 million gallons per year, for approximately $237 million in cash, plus certain working capital adjustments. The company said it was the successful […]
In Spain, Abengoa says it expects to receive approval of its restructuring plan by 75% of creditors by September 30 to comply with Spain’s bankruptcy rules but the company is still working towards getting enough support for the deal. Positive cash flow is then expected by the end of 2017, in part thanks to asset […]
In Spain, Abengoa has avoided the country’s largest-ever bankruptcy by coming to a deal with Centerbridge Partners LP, Elliott Management Corp. and Oaktree Capital Management LP in a $1.3 billion bailout who along with banks such as Santander will eventually own between 90% and 95% of the company. A teleconference with investors and analysts will […]
In Nebraska, Green Plains is splitting its aces, on one hand preparing to pay up to $275 million for an undisclosed “complementary part” of an undisclosed food company while selling $150 million in convertible senior notes due in 2022 to partially fund its purchase of two Abengoa ethanol plants. The company’s CEO back in 2013 […]
