Companies lining up to bid for Abengoa’s US assets

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. The sales are subject to a court overseen auction process that is currently set for Aug. 22 with bids welcomed until the 18^th. A decision by the court will be made following an Aug. 25 hearing.

Abengoa Bioenergy: The Digest’s 2015 5 Minute Guide