Abengoa Netherlands files for bankruptcy

Abengoas Netherlands based subsidiary Abengoa Bioenergy Netherlands BV, filed for bankruptcy on Wednesday and shut its ethanol plant in Rotterdam.

The parent company of the Dutch subsidiary had also filed for bankruptcy in April 2016.

The Europoort ethanol plant, Abengoa’s largest in Europe, had a processing capacity of about 380,000 tonnes/year.

The company has appointed Borsboom & Hamm as its administrators, overseeing the bankruptcy proceedings.

Source: ICIS