Belgian consortium pacts deal to buy Abengoa’s Rotterdam ethanol plant

In the Netherlands, Abengoa has reached a deal to sell its Rotterdam ethanol plant to a consortium led by Alcogroup including Vanden Avenne Commodities and Vandema which is expected to close in the next few weeks, a move that has helped to stabilize supply fears in the market. The plant has been closed since May 11. Abengoa’s biodiesel plant in San Roque, Spain that is co-located at the Cepsa refinery will be absorbed by the oil major as part of its Abengoa divestment agreement.

Abengoa: The Digest’s 2015 5 minute Guide