Abengoa Offered $133.9 Million U.S. Loan Guarantee For Biomass
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Abengoa SA, Spain’s largest biofuel producer, was offered a $139.9 million loan guarantee from the U.S. Energy Department to build a cellulosic ethanol plant in Hugoton, Kansas.
The project will convert 300,000 tons of corn stalks and leaves into 23 million gallons (87 million liters) of ethanol a year, the Energy Department said today in a statement. The plant will also have a 20-megawatt biomass electric generator fueled by leftover plant material. Seville-based Abengoa is expected to add 300 construction jobs and 65 permanent ones.