February 22, 2017 9:59 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Abengoa Bioenergy of Indiana, LLC

Company Overview

Abengoa Bioenergy of Indiana, LLC, a biotech ethanol company, produces bio-ethanol and DGS from corn. The company supplies its products to the eastern United States markets, and exports to other markets. Its bio-ethanol is used as an additive for gasoline to increase its octane rating, fuel for cars, and an intermediate product in producing jet fuel; and in chemical and pharmaceutical industries. The company was founded in 2006 and is based in Mount Vernon, Indiana. Abengoa Bioenergy of Indiana, LLC operates as a subsidiary of Abengoa SA. On June 12, 2016, Abengoa Bioenergy of Indiana, LLC filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Easte...

8999 West Franklin Road

Mount Vernon, IN 47620

United States

Founded in 2006

Phone:

812-985-4057

Fax:

812-985-9983

Key Executives for Abengoa Bioenergy of Indiana, LLC

Chief Executive Officer and President
Chief Operating Officer, Executive Vice President and Secretary
US Director of Operations
Compensation as of Fiscal Year 2016.

Abengoa Bioenergy of Indiana, LLC Key Developments

Bidding Procedure Approved for Abengoa Bioenergy U.S. Holding, Inc.

The US Bankruptcy Court gave an order approving the bidding procedures for the sale of certain assets of Abengoa Bioenergy U.S. Holding, Inc. on December 21, 2016. The debtor’s assets include certain equipment with a fair market value of $0.85 million. Debtor shall initially market the property via an internet forum. If, in exercising its business judgment, the Debtors receive a bid or bids in excess of 80% of scheduled book value, and the committee agrees the debtors should accept such bid or the selling debtor may sell the property, or such portion thereof, to the party or parties submitting the accepted qualified bid or qualifying bids without further action by this court. In the event of receiving multiple qualifying bids, the debtor, is authorized to sell the property, or parts thereof, to the purchaser or purchasers with the highest qualifying bid or qualifying bids, without further action by this court. R. Craig Martin and Richard A. Chesley of DLA Piper LLP (US) and Richard W. Engel, Jr., Susan K. Ehlers and Erin M. Edelman of Armstrong Teasdale LLP represented the debtor as legal advisors.

Motion for Asset Sale Approved for Abengoa Bioenergy U.S. Holding, Inc.

The US Bankruptcy Court gave an order approving the sale of certain assets of Abengoa Bioenergy US Holding, LLC on October 3, 2016. The debtor has been authorized to sell its certain assets to Josh Jorde and Tracie Cullum for a purchase price of $0.19 million in cash pursuant to the asset purchase agreement. The debtor’s assets include real property at 998 Road P, Hugoton, Kansas. Under the terms of the asset purchase agreement, the buyer has made an earnest money deposit of $5,000 upon the execution of the agreement. The transaction is expected to close on or before October 5, 2016.

Motion for Asset Sale Approved for Abengoa Bioenergy U.S. Holding, Inc.

The US Bankruptcy Court gave an order approving the sale of certain assets of Abengoa Bioenergy US Holding LLC on August 30, 2016. The debtor has been authorized to sell its 56 million gallon nameplate ethanol production facility located at 1414 Road O York, NE 68467, York County to Green Plains Inc. for purchase price of $37.38 million plus assumption of certain assets. At the auction conducted, Green Plains Inc. emerged as winning bidder with purchase price of $37.38 million.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 13, 2016
Business Related To Madison, IL Ethanol Plant And Business Related To Mount Vernon, IN Ethanol Plant
 

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