Abengoa shuts down ethanol production at its largest Spanish facility; cites low profitability of ethanol

Abengoa says it has shut down ethanol production at its largest Spanish plant because ethanol is currently unprofitable due to high feedstock prices and the current outlook for ethanol in Spain. The plant was idled for the same reason earlier this year.

Abengoa has two other Spanish plants which remain in production, recently the company put a 27 Mgy US plant in Mexico up for sale and announced it would be concentrating on larger ethanol plants as well as cellulosic ethanol research.

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