Abengoa

Abengoa S.A. is a Spanish multinational corporation, which includes companies in the domains of energy, telecommunications, transportation, and the environment. The company was founded in 1941 by Javier Benjumea Puigcerver and José Manuel Abaurre Fernández-Pasalagua, and is based in Seville, Spain with U.S. headquarters in St. Louis, Missouri. It is a global biotechnology company specializing in the development of new technologies in producing biofuels and biochemicals and promoting sustainability of raw materials.Abengoa invests in research in sustainable technology, and implements these technologies in Spain as well as exporting them globally. These technologies include concentrated solar power, second generation biofuels, and desalination.In 2014, Abengoa and subsidiaries employed approximately 20,250 people, operating in more than 80 countries.Abengoa has started insolvency proceedings.In a 2016 effort to avoid bankruptcy, Abengoa is seeking to reduce its size by 30 percent by selling subsidiaries.On February 15, 2016, a Nebraska grain dealer filed a petition to force Abengoa Bioenergy into bankruptcy so as to recover moneys owed to them for past corn deliveries.