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Exports of bioethanol increases developing in European ETBE market

February 24, 2005

Abengoa Bioenergy has executed two contracts with Lyondell Chemical Europe in 2004 for a total supply of 22,000 m3 of bioethanol to the chemical plant at Fos-sur-Mer, France. The bioethanol delivered at Lyondell’s facility is produced by Abengoa Bioenergy from renewable agricultural crops at its plant in Cartagena. The first delivery was supplied in October 2004 and the second, in January 2005. The bioethanol was shipped from the port of Cartagena to the port of Fos also under the responsibility of Abengoa Bioenergy.

Abengoa Bioenergy will also supply in Q1 2005 additional 7,000 m3 from its plant in La Coruña to be delivered at Miro refinery in Karlsruhe, Germany. The bioethanol will be consumed by BP Oil for the manufacturing of ETBE.

The bioethanol produced at Abengoa Bioenergy facilities complies with the strict quality required in both ETBE plants at Karlsruhe and Fos. ETBE is a chemical product that is blended as a compoment of gasoline and provides environmental benefits.

With these supplies Abengoa is expanding its activities in Europe by increasing the supply of bioethanol to key customers abroad, and boosting its export activity in European market by demonstrating its capability to promote the creation of infrastructures and use of bioethanol in those European countries in which biofuels are emerging or being developed at present.

Abengoa Bioenergy is contributing to comply with the targets of the EU to develop a renewable and sostenible alternative to fossil fuel for transport, and to reduce the efect of greenhouise gases.

The strategy of Abengoa Bioenergy, as an industrial company leader in the manufacturing and commercialisation of bioethanol in Europe, is focused on entering into long term supply agreements which will represent an excellent opportunity to end-users in Europe. Abengoa Bioenergy provides value to its customers through leading-edge manufacturing technologies and best class operational performance, providing a competitive, reliable and flexible supply of high quality fuel grade bioethanol.

Abengoa is an industrial and technological company listed in Madrid stock exchange, with a capitalization over 657 million Euro (31/12/2004), which gives solutions for Sustainable Development, Information and Knowledge Society, and the Creation of Infrastructures. Operating four business areas: Bioenergy, being the second producer worldwide; Environmental Services, as European leader in some industrial waste segments; Information Technologies, as one of main actors at international scale with operations in Europe, America and Asia; and Engineering and Industrial Construction, being the leader in Spain and South America.

Abengoa Bioenergía 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 litres per year, respectively. Moreover, it is developing a third plant in Salamanca jointly with Ebro Puleva, Biocarburantes de Castilla y León, with a capacity of 200 million litres 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 Bioenergía is the second producer on a world-wide scale and the first in Europe.


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