Search Results for 'abengoa'

US government opposing Abengoa’s bankruptcy plan

US government opposing Abengoa’s bankruptcy plan

December 1, 2016 |

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. […]

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Natural Chem buys Abengoa’s Portales ethanol plant for biodiesel blending center

Natural Chem buys Abengoa’s Portales ethanol plant for biodiesel blending center

November 15, 2016 |

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 […]

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Shell files $26 million stalking horse bid for Abengoa’s Hugoton plant

Shell files $26 million stalking horse bid for Abengoa’s Hugoton plant

October 17, 2016 |

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 […]

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Green Plains confirms closure of ethanol plants purchase from Abengoa

Green Plains confirms closure of ethanol plants purchase from Abengoa

September 27, 2016 |

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 […]

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Bankruptcy court signs off on sales of Abengoa’s ethanol plants

Bankruptcy court signs off on sales of Abengoa’s ethanol plants

August 30, 2016 |

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 […]

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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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