Energy Department Finalizes $132 Million Loan Guarantee to Support the Abengoa Bioenergy Project

Energy.gov
September 29, 2011 - 4:39pm

Washington D.C. – U.S. Energy Secretary Steven Chu today announced that the Department finalized a $132.4 million loan guarantee to Abengoa Bioenergy Biomass of Kansas, LLC (ABBK) to support the development of a commercial-scale cellulosic ethanol plant. ABBK’s parent company and project sponsor, Abengoa Bioenergy US Holding, Inc., estimates the project will fund approximately 300 construction jobs and 65 permanent jobs. The project will be located in Hugoton, Kansas, about 90 miles southwest of Dodge City, Kansas.

“Investing in a domestic advanced biofuels industry will help us compete in a growing, global clean energy economy while creating jobs in rural communities across the country,” said Secretary Chu. “At the same time, these investments will help us reduce carbon emissions and decrease our dependence on oil."

Read more