Tag: Abengoa

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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Belgian consortium pacts deal to buy Abengoa’s Rotterdam ethanol plant

Belgian consortium pacts deal to buy Abengoa’s Rotterdam ethanol plant

June 22, 2016 |

In the Netherlands, Abengoa has reached a deal to sell its Rotterdam ethanol plant to a consortium led by Alcogroup including Vanden Avenne Commodities and Vandema which is expected to close in the next few weeks, a move that has helped to stabilize supply fears in the market. The plant has been closed since May […]

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Companies lining up to bid for Abengoa’s US assets

Companies lining up to bid for Abengoa’s US assets

June 13, 2016 |

In Missouri, companies are lining up to bid for Abengoa’s US ethanol assets, with Green Plains offering $200 million in cash for the Mount Vernon and Madison plants, an affiliate of KAAPA Ethanol LLC bidding $115 million in cash for the Ravenna plant and BioUrja Trading offering $35 million in cash for the York plant. […]

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Abengoa’s Rotterdam ethanol plant confirmed closed

Abengoa’s Rotterdam ethanol plant confirmed closed

May 9, 2016 |

In the Netherlands, Abengoa’s ethanol plant in Rotterdam has been confirmed closed, bringing Europe’s production deficit to 1.12 million cubic meters per year. The 480,000 cu m/year facility as well as the 241,000 cu m/year Salamanca ethanol facility that shut in April will be closed for an undetermined amount of time. Traders are not concerned […]

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US Bankruptcy Court decides Spain takes precedence over Abengoa case

US Bankruptcy Court decides Spain takes precedence over Abengoa case

April 28, 2016 |

In Delaware, a judge in the U.S. Bankruptcy Court in Wilmington ruled Abengoa’s bankruptcy proceedings in Spain are the main proceedings and must take the lead in how creditors in the US are treated. The judge granted protection under Chapter 15, a bankruptcy code created in 2005 that allows foreign bankruptcy proceedings to take precedence. […]

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Bankruptcy court approves $41 million in bankruptcy funding for Abengoa Bioenergy

Bankruptcy court approves $41 million in bankruptcy funding for Abengoa Bioenergy

April 12, 2016 |

In Missouri, the US Bankruptcy Court for the Eastern District of Missouri has approved the use of $41 million in bankruptcy funding for Abengoa Bioenergy to restart ethanol production at its Ravenna and York facilities as well as payroll obligations and other costs to keep the company operating. With the two plants operating, the company […]

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Abengoa’s Nebraska corn creditors pushing hard to get paid

Abengoa’s Nebraska corn creditors pushing hard to get paid

March 29, 2016 |

In Nebraska, the corn suppliers that are still owed $4 million for delivered corn to Abengoa Bioenergy have said in court filings that they should be paid from the $41 million bankruptcy bailout loan before work starts to get the Ravenna ethanol plant back online. They are worried that revenues into the plant once it […]

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Some creditors agree to $2 billion Abengoa bailout but deal not sealed yet

Some creditors agree to $2 billion Abengoa bailout but deal not sealed yet

March 10, 2016 |

In Spain, 40% of Abengoa’s creditors have agreed to invest $2 billion over the next five years in exchange for the right to 55% of the restructured company, helping it to avoid bankruptcy and complete meltdown, but another 35% must agree as well as existing shareholders whose participation would shrink to 5% before a March […]

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“Lack of collateral” damage: Abengoa’s descent into fiscal hell, and its hopes for redemption

“Lack of collateral” damage: Abengoa’s descent into fiscal hell, and its hopes for redemption

March 7, 2016 |

Digest readers will have noted that Abengoa shares jumped 41% on Friday and another 38 percent in Monday morning trading. What’s the good news? Let’s review. The state of play For Abengoa Bioenergy, a break-up and sale. Last week, we reported that potential buyers of Abengoa Bioenergy’s six first generation ethanol facilities have been looking […]

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