Biochemical Engineering Special Interest Group
biological engineering professionals
17 October 2016

Shell Oil bids $26 million for Abengoa's advanced biofuel plant

Royal Dutch Shell Plc's U.S. arm has offered more than $26 million to buy Abengoa SA's cellulosic ethanol plant in Kansas, according to documents filed late Wednesday in bankruptcy court. Shell's initial bid on Abengoa's bankrupt biofuels asset marks the oil major's latest push into renewable fuels as the U.S. government is getting its over decade-old biofuels policy back on track following years of regulatory delays. Source: Reuters 17/10/2016

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