Abengoa hires to find buyer for Hugoton cellulosic ethanol plant

Abengoa hires Ocean Park Advisors to find buyer for Kansas plant

Bankrupt Spanish bioenergy company Abengoa’s US unit has hired Ocean Park Advisors to find a buyer or investor for its cellulosic ethanol plant in Hugoton, Kansas.

The Hugoton plant produced ethanol from plant fibres and was supposed to be a technological advance over producing ethanol from corn or other grain.

The facility operated for about a year before being shut down about nine months ago.

Ocean Park Advisors is a corporate finance advisory firm with experience in mergers and acquisitions in the renewable fuels industry.

Abengoa Bioenergy Biomass of Kansas is among the first large-scale, second-generation cellulosic ethanol plants in the US.

Located on 400 acres, the site consists of a state-of-the-art cellulosic ethanol biorefinery with an integrated, biomass-to-electric power generation plant and a wastewater treatment plant.

The design capacity is 25 million gallons per year of denatured fuel ethanol and 21MW of electrical power a year.

business.conbio.info/Lennart Ljungblom/2016-08-04