Search Results for 'abengoa'

More than 15 potential buyers on deck for Abengoa’s Hugoton plant

More than 15 potential buyers on deck for Abengoa’s Hugoton plant

August 29, 2016 |

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 […]

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ICM successful bidder for Abengoa Colwich plant at $3.1 million

ICM successful bidder for Abengoa Colwich plant at $3.1 million

August 25, 2016 |

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. […]

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US Bankruptcy Court awards KAAPA winning bid for Abengoa’s Ravenna plant

US Bankruptcy Court awards KAAPA winning bid for Abengoa’s Ravenna plant

August 24, 2016 |

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 […]

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Green Plains successful in purchase of three Abengoa ethanol plants

Green Plains successful in purchase of three Abengoa ethanol plants

August 23, 2016 |

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, […]

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Abengoa plants go to Green Plains: Ethanol’s Jolly Giant gets bigger

Abengoa plants go to Green Plains: Ethanol’s Jolly Giant gets bigger

August 23, 2016 |

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 […]

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Abengoa doesn’t yet have creditor approval of restructuring plan but aiming for Sept. 30

Abengoa doesn’t yet have creditor approval of restructuring plan but aiming for Sept. 30

August 16, 2016 |

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 […]

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Abengoa agrees to $1.3 billion bailout

Abengoa agrees to $1.3 billion bailout

August 15, 2016 |

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 […]

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Green Plains to buy food unit and raise funds for Abengoa plants purchase

Green Plains to buy food unit and raise funds for Abengoa plants purchase

August 10, 2016 |

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 […]

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Buyers lining up to bid for Abengoa assets at Aug. 22 auction

Buyers lining up to bid for Abengoa assets at Aug. 22 auction

July 25, 2016 |

In Missouri, potential bidders appear to be lining up to buy Abengoa’s ethanol plants when they go to auction Aug. 22. Kaapa Ethanol and BioUrja Trading have both bid on plants while Green Plains agreed last month to pay $200 million for two facilities. During the boom when many ethanol plants were being built across […]

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Abengoa’s Hugoton cellulosic ethanol project goes on the Block

Abengoa’s Hugoton cellulosic ethanol project goes on the Block

July 18, 2016 |

In Missouri, Ocean Park Advisors has been retained by Abengoa Bioenergy to find a strategic partner or to complete a sale of Abengoa cellulosic ethanol plant, electricity cogeneration plant and related assets in Hugoton, Kansas. Additionally, there is an opportunity for interested parties to acquire the cellulosic technology and other intellectual property assets that are owned […]

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