Abengoa Bioenergy, of St. Louis announced Thursday that it intends to sell its Portales plant, according to plant officials.
The global company acquired the Portales facility in 2002 and has since that time increased production capacity to approximately 27 million gallons per year, according to a story online in the Cherry Creek News in Colorado.
A shift supervisor at the local plant confirmed that the company had made the announcement but referred questions about the sale to plant manager Wes Robinson, who was unavailable late Thursday. Phone calls to Abengoa vice president Chris Standlee of St. Louis were not returned by press time.
The story in the Cherry Creek times quotes Abengoa president Javier Salgado as saying the sale will be managed by Minneapolis-based investment banking firm, Goldsmith-Agio-Helms I Lazard Middle Market.
Recent industry news has noted Abengoa’s focus on larger facilities and new technologies as the company’s strategy for growth, said the story.