Abengoa seeks buyer for Hugoton cellulosic ethanol plant
Abengoa Bioenergy Biomass of Kansas, a unit of bankrupt Spanish alternative energy giant Abengoa, has hired Ocean Park Advisors to find a buyer or investor for its cellulosic ethanol plant in Hugoton.
The Hugoton plant produced ethanol from plant fibers and was supposed to be a technological advance over producing ethanol from corn or other grain. It 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 country. 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 21 megawatts electrical power a year.
Dan Voorhis: 316-268-6577, @danvoorhis
This story was originally published July 18, 2016 at 11:21 AM with the headline "Abengoa seeks buyer for Hugoton cellulosic ethanol plant."