In Spain, Abengoa and energy and infrastructure investor EIG Global Energy Partners have entered into a non-binding agreement with the objective of jointly investing in a New Company (Newco) for the development of the already contracted portfolio of Abengoa’s projects under construction. EIG is a leading specialist investor in energy and energy-related infrastructure based in […]
In Brazil, the National Bank for Economic and Social Development (BNDES) approved $223.38 in financing for four sugarcane projects. The largest announced financing is for Abengoa Bioenergy SA Agribusiness, which will receive $116.8M to implement its second-generation ethanol plant. The new project will be integrated with the Usina São Luiz first-generation ethanol plant in Pirassununga, in São Paulo […]
Natural Chem reportedly looking at $105M invest in New Mexico Eco-Fuels Complex; Abengoa says “not reached any agreement.”
In New Mexico, reports surfaced that Houston-based Natural Chem is looking to invest $105 million in buying out Abengoa’s mothballed ethanol plant in Portales. However, Abengoa told The Digest, “Abengoa has not reached any agreement with Natural Chem Group for the purchase of this plant.” The company is seeking to produce LNG and CNG, sourcing its […]
In Belgium, Belgium Eco Energy has contracted Abengoa to build a $393 million wood chip and agricultural residue-based 215MW power plant. The plant will be one of the largest biomass-based power plants in Europe.
When we think of the past 12 months and the remainder of 2014, we’re going to look back on it as the Year of Steel for the advanced bioeconomy. October 9, 2013: Beta Renewables’ 20 million gallon cellulosic ethanol plant opens in Crescentino, Italy. At the time, the world’s largest. May 29, 2014: Solazyme’s 100,000 […]
Abengoa opens world’s largest cellulosic biorefinery, as US Energy Secretary Moniz says “Let’s get going!” on advanced biofuels.
“Welcome to the future of biotechnology and the biofuel industry.” In Kansas, Abengoa Bioenergy officially opened the world’s largest cellulosic biorefinery in Hugoton on Friday, surrounded by dignitaries such as US Energy Secretary Ernest Moniz, Kansas Governor Sam Brownback, Kansas senior Senator Pat Roberts, former Interior Secretary Ken Salazar, former Energy Secretary Bill Richardson among […]
When it is dawn over southwestern Kansas and in the chill of a mid-October morning the air is dry and the sun breaks from the east, the shadows are sharp, the land is still, and the Abengoa biorefinery dominates the skyline near Hugoton. Lining Kansas state Highway 51 in mid-October, as the 25 million gallons cellulosic […]
In Illinois, US Senator Dick Durbin (D-IL) has sent a letter to the Office of Management and Budget (OMB), urging the OMB to thoroughly review the EPA’s proposal to reduce Renewable Fuels Standard RVO requirements. “The Administration’s proposed change to the Renewable Fuel Standard seriously missed the mark,” Durbin said. “As written, it would not […]
In Florida, Dyadic International filed a Form 10 with the SEC. If accepted by the SEC (they have 60 days to respond with questions), Dyadic will become a fully reporting public company again. For those newer to the scene, Dyadic imploded in 2006-07 over a series of mishaps relating to an Asian venture, which resulted […]
In Spain, Abengoa’s CEO says the lack of policy support for biofuels in the European Union has led to unsustainably low ethanol prices. Platts reports strong blending economics during the first half of 2014 with the discount to Eurobob gasoline hitting a four-year low of $180.61/cu m on July 8. The EU has been unable […]