In Belgium, Reuters reports that EU antitrust regulators fined Spain’s Abengoa 20 million euros ($22.5 million) on Friday for rigging ethanol benchmarks as part of a crackdown on such practices while investigations into two other companies continue. The European Commission has levied billion-euro fines in recent years, with regulators on both sides of the Atlantic […]
In Spain, the El Confidential newspaper reports that Abengoa has ditched the Fulcrum aviation biofuel project it has been working on since 2017 citing irreconcilable difference with the client and a cost overrun of $100 million over the past two years. The plant was supposed to be completed by the end of 2019. Due to […]
In Belgium, Reuters reports that Alcogroup and Abengoa plan to fight against anti-trust charges of manipulating ethanol prices at hearings in front of the European Commission and national authorities on Tuesday and Wednesday. The companies could be charged up to 10% of the global turnover if the hearing rules against them, or the case could […]
In Belgium, both Abengoa and Alcogroup will contest the European Commission’s allegations of manipulating S&P Global Platts’ European ethanol benchmark prices. Last week, Reuters reported that both companies had been issued statements of objection from the EC’s competition watchdog but Abengoa had no responded to requests for comment while Alcogroup said it would fight the […]
In Belgium, Reuters reports that the European Commission’s competition watchdog has charged both Abengoa and Alcogroup with rigging ethanol benchmarks published by S&P Global Platts. The three-year investigation also included Sweden’s Lantmannen but they haven’t been charged although it said it was in settlement negotiations. Abengoa and Alcogroup are likely to face fines next year […]
In Spain, the former Abengoa biodiesel plant in San Roque has come back online after being mothballed for 18 months thanks to its new owners, Cepsa Bioenergia. The plant has been upgraded to produce 200,000 metric tons of FAME along with 25,000 tons of glycerin and was integrated into Cepsa’s Gibraltar-San Roque Refinery next door. […]
In the UK, European ethanol production is ramping back up with gusto thanks to Ensus and Vivergo back online but beet and corn-based ethanol production are also seen helping the trade block reach a record high of nearly 6.3 billion liters this year. Abengoa’s collapse last year that saw production region-wide fall to nine-year lows […]
In Spain, Abengoa has finalized its deal with Trilantic Europe to sell the ailing company’s remaining four ethanol plants in Europe and a company marketing DDGS and buying grain. The total installed capacity for the three Spanish plants is 145 million gallons per year and another 66 million gallons at a facility in Pyrénées-Atlantiques, France. […]
In Spain, Abengoa has sold its three Spanish and one French ethanol plants to fund manager Trilantic Europe for EUR140 million, finalizing the sale of the last of the company’s bioenergy assets, a sector in which it invested more than EUR5 billion including its second generation ethanol plant in Hugoton, Kansas and plants across the […]
In Spain, a judge has approved Abengoa’s sale of its biodiesel plant in San Roque, Cadiz to Cepsa for EUR8 million but also left open a period of 10 days from the date of the decision on December 30 for other potential buyers to make offers for the facility. The existing staff of 51 get […]
