Canadian Biomass Magazine

Abengoa Bioenergy files for bankruptcy

February 25, 2016
By Andrew Macklin

February 25, 2016 – Abengoa Bioenergy, the American affiliate of Abengoa SA, has filed for Chapter 11 bankruptcy.

According to a report from the St. Louis Business Journal, the documents filed in St. Louis court show that between 200-999 creditors are owed between $1 billion to $10 billion, with the company currently having assets in the same range.

Five affiliates of the company also filed for bankruptcy as part of the court filing.

The company’s largest creditor, Société Général of France, is said to be owed upwards of $1.4 billion.

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