The Spain-based green energy firm Abengoa will be halting operations at seven U.S.-based biofuel plants, including one plant that got $230 million in federal subsidies and did not sell a single gallon of green fuels.
Spanish media reports Abengoa is closing down its biofuel plant in Hugoton, Kan. The Hugoton plant got a $132 million loan and a $97 million grant from the Department of Energy to build a cellulosic biofuels plant with a 25-million-gallon-per-year production capacity. The Hugoton plant, however, did not sell a single barrel of ethanol despite claiming significant production levels.
Watchdog.org reports Abengoa’s Hugoton plant is already laying off workers amid huge financial problems. Citing local media, Watchdog reports 50 employees have already been laid off.
Posted by The Daily Caller