BioFuels Journal

December 9, 2016 – Abengoa Bioenergy Biomass of Kansas (“Abengoa”) closed the $48.5M sale of its cellulosic ethanol plant located in Hugoton, Kansas, to Synata Bio, a renewable energy company that was the successful bidder in an auction conducted under the US Bankruptcy Code.

Ocean Park acted as exclusive sell-side advisor to Abengoa.

The assets comprise a state-of-the-art 25 MGPY cellulosic ethanol biorefinery with an integrated, co-located biomass-to-electric-power 21 MW cogeneration plant.

Ocean Park was involved in all facets of this transaction – securing the debtor-in-possession financing, developing the marketing strategy, contacting over 200 parties in the sales process, and generating interest from multiple bidders in the auction.

Synata Bio’s prevailing bid in the auction was nearly double that of the stalking horse bid.

“This sale marks the twenty-third successful renewable fuels transaction for Ocean Park, which further solidifies our position as a leading advisor in the sector,” said Bruce Comer, an Ocean Park managing director.

“We believe that repositioning the plant into the hands of a company like Synata Bio is positive for the advanced biofuels industry,” added John Campbell, another Ocean Park managing director.

For more information, please contact Bruce Comer at 310-670-2721 or bruce@oceanpk.com

See Related Websites/Articles:

• Ocean Park Advisors
• Abengoa Bioenergy

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