Abengoa Plans to Restart Nebraska Plant
Todd Neeley DTN Staff Reporter
Thu Feb 11, 2016 11:21 AM CST

OMAHA (DTN) -- Abengoa SA will not sell its assets or seek more secured debt to finance operations at an idled corn-ethanol plant in Ravenna, Nebraska, before creditors are made whole, an attorney for Abengoa Bioenergy of Nebraska assured a Nebraska bankruptcy court judge Wednesday during a hearing on an involuntary Chapter 7 bankruptcy petition.

Omaha-based Gavilon Grain, LLC; Ravenna, Nebraska-based Farmers Cooperative Association; and Maumee, Ohio-based The Andersons Inc., indicate in the petition that Abengoa owes about $4.1 million for grain purchased by its ethanol plants.

Abengoa Bioenergy's parent company, Abengoa SA based in Spain, recently announced plans to ...

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