Creditors of Abengoa Bioenergy of Nebraska LLC asked a federal judge to put the U.S. affiliate of troubled Spanish renewable energy group Abengoa into bankruptcy because it owes them more than $4 million for grain, Reuters reported yesterday. The involuntary bankruptcy petition comes as demand for U.S. biofuels has dropped as crude oil prices have plunged. The petition for a chapter 7 liquidation of Abengoa Bioenergy of Nebraska, which operates a bioethanol plant in that Midwestern state, was filed in the U.S. Bankruptcy Court of Nebraska late on Monday. The company owes $4.07 million to Gavilon Grain LLC, the Farmers Cooperative Association and The Andersons Inc., for grain, court documents showed.
