Both Abengoa Nebraska ethanol plants restarted as of May 20

In Nebraska, Abengoa has restarted its two ethanol plants in Ravenna and York as of May 20. The company is negotiating with natural gas supplies to reduce its fuel bill for production. Court filings show that Abengoa’s financial advisors have had success in drumming up interest in buying the company’s ethanol assets but no deals have been done yet to offload Ravenna or York. Having the facilities operating is expected to facilitate their sales. The company is also trying to seek permission to renew the lease on its headquarters facility in St. Louis, Missouri that under bankruptcy procedures would normally be rejected when it came time to renew.

Abengoa Bioenergy: The Digest’s 2015 5 Minute Guide