Tag: Abengoa

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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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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