January 24, 2017 7:16 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Abengoa Bioenergy Corporation, LLC

Company Overview

Abengoa Bioenergy Corporation, LLC produces and supplies biofuels and bio products. It offers first and second-generation bioethanol, biodiesel, distiller’s grains with solubles (DGS), sugar, animal feed, chemical products, and carbon dioxide, as well as E85, a fuel blend made up of bioethanol and gasoline. The company also produces electricity using natural gas turbines for self-supply and surplus is exported to the grid. It serves energy, environmental, chemical, and pharmaceutical sectors. Abengoa Bioenergy Corporation, LLC was formerly known as High Plains Corporation and changed its name to Abengoa Bioenergy Corporation, LLC in April 2003. The company was founded in 1980 and is based in...

16150 Main Circle Drive

Suite 300

Chesterfield, MO 63017-4689

United States

Founded in 1980

154 Employees

Phone:

636-728-0508

Fax:

636-728-1148

Key Executives for Abengoa Bioenergy Corporation, LLC

Chief Executive Officer and Director
Age: 46
Chief Financial Officer
Executive Vice President of Institutional Affairs
Age: 63
Executive Vice President of Technology Development
Age: 56
Executive Vice President of Industrial Operations
Compensation as of Fiscal Year 2016.

Abengoa Bioenergy Corporation, 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
January 7, 2017
Abengoa, Bioenergy Plant in San Roque
Merger/Acquisition
November 22, 2016
Abengoa Bioenergy Biomass of Kansas, LLC
Merger/Acquisition
August 23, 2016
Ethanol Facility and Property in Colwich, Kansas
 

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