Tag: Abengoa

Abengoa will also contest EU charges of manipulating ethanol benchmark pricing

Abengoa will also contest EU charges of manipulating ethanol benchmark pricing

September 3, 2018 |

In Belgium, both Abengoa and Alcogroup will contest the European Commission’s allegations of manipulating S&P Global Platts’ European ethanol benchmark prices. Last week, Reuters reported that both companies had been issued statements of objection from the EC’s competition watchdog but Abengoa had no responded to requests for comment while Alcogroup said it would fight the […]

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European Commission charge Abengoa and Alcogroup with manipulating ethanol price benchmarks

European Commission charge Abengoa and Alcogroup with manipulating ethanol price benchmarks

August 30, 2018 |

In Belgium, Reuters reports that the European Commission’s competition watchdog has charged both Abengoa and Alcogroup with rigging ethanol benchmarks published by S&P Global Platts. The three-year investigation also included Sweden’s Lantmannen but they haven’t been charged although it said it was in settlement negotiations. Abengoa and Alcogroup are likely to face fines next year […]

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Abengoa’s former San Roque biodiesel plant back online with new owners

Abengoa’s former San Roque biodiesel plant back online with new owners

August 30, 2017 |

In Spain, the former Abengoa biodiesel plant in San Roque has come back online after being mothballed for 18 months thanks to its new owners, Cepsa Bioenergia. The plant has been upgraded to produce 200,000 metric tons of FAME along with 25,000 tons of glycerin and was integrated into Cepsa’s Gibraltar-San Roque Refinery next door. […]

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Despite Abengoa’s collapse, EU ethanol production seen reaching record highs

Despite Abengoa’s collapse, EU ethanol production seen reaching record highs

June 29, 2017 |

In the UK, European ethanol production is ramping back up with gusto thanks to Ensus and Vivergo back online but beet and corn-based ethanol production are also seen helping the trade block reach a record high of nearly 6.3 billion liters this year. Abengoa’s collapse last year that saw production region-wide fall to nine-year lows […]

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Abengoa finalizes sale of European biofuel plants to Trilantic Europe

Abengoa finalizes sale of European biofuel plants to Trilantic Europe

June 7, 2017 |

In Spain, Abengoa has finalized its deal with Trilantic Europe to sell the ailing company’s remaining four ethanol plants in Europe and a company marketing DDGS and buying grain. The total installed capacity for the three Spanish plants is 145 million gallons per year and another 66 million gallons at a facility in Pyrénées-Atlantiques, France. […]

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Abengoa sells remaining EU ethanol plants to Trilantic Europe

Abengoa sells remaining EU ethanol plants to Trilantic Europe

March 20, 2017 |

In Spain, Abengoa has sold its three Spanish and one French ethanol plants to fund manager Trilantic Europe for EUR140 million, finalizing the sale of the last of the company’s bioenergy assets, a sector in which it invested more than EUR5 billion including its second generation ethanol plant in Hugoton, Kansas and plants across the […]

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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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