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

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 will have a better chance of getting good value for them when sold off. No mention was made as to the suit by three corn suppliers seeking to be paid from the financing facility.

Abengoa Bioenergy: The Digest’s 2015-5 Minute Guide