Abengoa” s bioenergy arm reports for insolvency in US

Plantations International News Spanish eco-friendly energy company Abengoa has actually announced that its US bioenergy device has actually declared Phase 11 bankruptcy. The firm made the statement on Wednesday (24 February). Baseding on information company Reuters, the firm's United States bioenergy system has existing obligations worth $ 10bn. The filings do not consist of Abengoa's corn ethanol plants in Mount Vernon, Indiana, and also Madison, Illinois, the cellulosic ethanol plant in Hugoton, Kansas, or sure various other subsidiaries of Abengoa Bioenergy. "Abengoa Bioenergy believes that this action is in the finest interests of the business, the plant employees, and the lenders [...]