Tag: Abengoa

Judge signs off on Abengoa’s sale of Cadiz biodiesel plant to Cepsa

Judge signs off on Abengoa’s sale of Cadiz biodiesel plant to Cepsa

January 5, 2017 |

In Spain, a judge has approved Abengoa’s sale of its biodiesel plant in San Roque, Cadiz to Cepsa for EUR8 million but also left open a period of 10 days from the date of the decision on December 30 for other potential buyers to make offers for the facility. The existing staff of 51 get […]

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Sinatra Bio: Ol’ Brew Eyes is Back

Sinatra Bio: Ol’ Brew Eyes is Back

December 11, 2016 |

Last week, a company with the unlikely name of Synata Bio was the winning bidder in the race to acquire the former Abengoa Bioenergy cellulosic plant in Hugoton, with a bid of $48.5M, which you might regard as “three coins in the fountain”. They beat out a bid from Shell you might regard as “two […]

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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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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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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 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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