Abengoa to develop cogeneration plant in Texas

SEVILLE, Spain, April 29, 2013 /PRNewswire/ -- Abengoa (MCE: ABG.B), the company that applies innovative technology solutions for sustainable development in the energy and environment sectors, has been selected by Rentech Nitrogen Partners, L.P. (NYSE: RNF) to construct a cogeneration plant in the state of Texas. The project will require an investment of approximately US$30 million and will create approximately 50 construction jobs.

Abengoa will carry out the engineering, design and construction of the cogeneration plant under a lump sum turnkey contract (EPC) over 18 months, ensuring the highest levels of quality in every process. Abengoa will not maintain an interest in the assets it constructs.

The cogeneration plant is expected to generate 15 megawatts (MW) of electricity, a portion of which is intended to operate Rentech Nitrogen's fertilizer plant in Pasadena, Texas. The cogeneration plant will use surplus steam from Rentech Nitrogen's sulfuric acid plant to power the generator.

Furthermore, Rentech Nitrogen plans to sell excess power produced by the cogeneration plant in the Texas electricity market. Rentech Nitrogen, which operates in North America, specializes in manufacturing nitrogen fertilizers for agricultural use.

This latest contract highlights Abengoa's leadership in providing innovative technology solutions in the energy and environment sectors and represents an important step in consolidating the company's position in the US market where it is present in 12 states.

About Abengoa

Abengoa (MCE: ABG.B) is an international company that applies innovative technology solutions for sustainable development in the energy and environment sectors, generating electricity from the sun, producing biofuels, desalinating sea water and recycling industrial waste. (www.abengoa.com)

SOURCE Abengoa