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May

The Focus-Abengoa Foundation and F.O. Licht inaugurate the sixth edition of World Biofuels 2007

May 22, 2007

Seville, 22 May 2007. The Focus-Abengoa Foundation together with F.O. Licht, today inaugurated the World Biofuels 2007 conference at its Hospital de los Venerables headquarters. The opening was attended by Javier Benjumea, Chairman of the Focus-Abengoa Foundation and Abengoa; Javier Salgado, Chairman of Abengoa Bioenergy; and Christoph Berg, assistant manager of F.O. Licht.

The sixth World Biofuels 2007 conference, structured into five main areas, will analyse the opportunities and risks that arise from the creation of a world biofuels market. After the opening session, Rob Vierhout, (Bioethanol Fuel Association), Bob Dinneen (Renewable Fuels Association, USA) Luiz Carlos Correa Carvalho (Usina Alto Alegre, Canaplan, Brazil) and Roderic Miralles (Campa Iberia S.A) looked at the current situation and the future of the biofuels industry with special emphasis on the European, North American and Brazilian markets. The biofuels industry continued to grow strongly in 2006 strongly and will continue growing in 2007, a year which will be exceptional due to the creation of new legislation which will consolidate and increase biofuel demand.

The second day of this series of conferences, which will take place Seville for important representatives from different national and international institutions as well as representatives from the automotive sector and the oil industry, will examine the technologies and the raw materials that are paving the way for a second generation of biofuels. The conference will discuss the technologies that are capable of converting biomass into biofuels in order to improve the range of lower cost materials and cultivation processes with lower environmental impact than current materials and processes and to obtain quality fuels with a high burnup and lower CO2 emissions starting from the point of cultivation.

In the afternoon session, scientists from research institutions, members of environmental protection organisations and consultants will look for answers to a question that is once again causing great interest in the sector, "is it possible to develop a growing biofuels market for current and second generation biofuels, which reduces the emission of greenhouse gases in transport, ensuring the sustainability of the crops used in the production of biofuels and avoiding the dichotomy between the use of soil for energy crops or food crops?"

On the third and final day, the International Energy Agency will give its opinion on the development of biofuels within the framework of the world energy economy. Financial analysts from private banking institutions and development banks will also present their different experiences in financing projects, outlining their visions on financing structures, the risks and the competitive factors in biofuel projects, as well as examining the valuation instruments for biofuel producing companies and the IPO processes for these enterprises.

The sixth World Biofuels Conference will form part of the activities of the Environment and Sustainable Development Forum that has been created by Abengoa through the Focus-Abengoa Foundation with the principal objective of acting as a valid instrument for reflection and action at the highest level to promote understanding and the creation of public opinion in this area.

This forum, promoted by the Focus-Abengoa Foundation, has primarily focussed on those fields in which Abengoa can make relevant contributions in the different fields of international, industrial and technological relations or in any other sphere, due to its related business activities, based around the three objectives of economic, social and environmental development that define sustainable development

The Focus-Abengoa Foundation was started in 1982 in order to promote activities that benefit the whole of society. Since 1991, when the Foundation was granted the use of its current headquarters, it has become a centre for promoting the arts and science and which supports the cultural heritage of Seville.

Abengoa Bioenergy is the European leader in the production of bioethanol for use as a fuel. It currently operates three bioethanol plants in Spain; Ecocarburantes Españoles, Bioetanol Galicia and Biocarburantes de Castilla y León with a total capacity of 526 million litres per year. The latter plant, which is part owned with Ebro Puleva, will launch a pilot plant at the end of the year that will produce five million litres of bioethanol from converting cellulose biomass (cereal straw) using a new technology developed by Abengoa Bioenergy R&D. Abengoa Bioenergy is also the fifth largest producer in the United States with a capacity of 420 million litres, which will increase to 745 million litres before the end of 2007.



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