13.3.2006: Meldung: Abengoa SA: Abengoa Bioenergy consolidates its position in France

Madrid, March 10th, 2006. - The company AB Bioenergy France (ABF), in which Abengoa Bioenergía, an Abengoa subsidiary and the holding company in its Bioenergy field of activity, holds a 51% interest, has been awarded an authorization by the French government to produce an additional 60,000 tons of bioethanol from corn at the plant it is currently developing in Lacq, in the south of France. This bioethanol production capacity, subject to the partial tax relief on hydrocarbons from 2008 to 2013, must now be added to the 40,000 tons that were authorized in May 2005.

During a first phase, towards mid-2005, the French government issued authorizations for a total of 200,000 tons distributed in three projects, ABF"s among them. Following this first authorization, the French company, headed by Abengoa Bioenergía, presented a new proposal, in December last year, to the French authorities in response to the second phase of the public tender initiated last year for the authorization of 330,000 tons of bioethanol.

The President and CEO of Abengoa Bioenergy, Javier Salgado, stated that "with this new production authorization, we have filled the capacity awarded earlier during the first phase and have consolidated our objectives in France. Of note among these objectives is the future construction of a 180,000-ton annual capacity facility in Lacq".

AB Bioenergy France, is participated by Abengoa Bioenergy, Aquitaine Industrie Innovations, Euralis, Etablissements Lacadée, Lur Berri, Maïsadour, Vivadour and Agpm. Abengoa Bioenergy (51 per cent) manage and control its subsidary in France.

Abengoa Bioenergy is the European leader in the production of bioethanol for biofuels, operating at present two bioethanol plants in Spain, Ecocarburantes Españoles and Bioetanol Galicia, with a total installed capacity of 150 and 170 million liters per year, respectively. Moreover, it is developing a third plant in Salamanca, Biocarburantes de Castilla y León, with a capacity of 200 million liters per year, of which five million will be obtained from the conversion of cereal biomass by means of a new technology being developed by Abengoa Bioenergy R&D. Abengoa Bioenergy is the second producer on a world-wide scale and the first in Europe. Abengoa Bioenergy is also the 5th producer in the US, with a installed capacity of 365 million liters. The production in the US is based on corn which provides the company with an expertise and technology to process this cereal into bioethanol.

Abengoa is a technology company applying innovative solutions for sustainable development in the infrastructures, environment and energy sectors. Listed with a market capitalization in excess of 1,800 million euro, Abengoa is present in over 70 countries, operating through its five business units: Solar, Bioenergy, Environmental Services, Information Technologies, and Industrial Engineering and Construction. (www.abengoa.com).
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