Abengoa Bioenergy Biomass of Kansas has retained Ocean Park Advisors to sell its cellulosic ethanol plant in Hugoton, Kansas. The biorefinery, one of the first using biomass to produce cellulosic ethanol and renewable electricity in the U.S. went online in October of 2014. The sale is part of the company’s filings under Chapter 11 bankruptcy.
According to Ocean Park Advisors, there is also an opportunity for interested parties to acquire the cellulosic technology and other intellectual property assets that are owned by Abengoa Bioenergy New Technologies, LLC a debtor in a separate bankruptcy case pending in Delaware, in connection with or separately from, the sale of the Hugoton plant.
Interested parties are encouraged to submit proposals by mid-August with target closing date by the end of October 2016.