Shell makes $26m offer to buy Abengoa’s ethanol plant in Kansas

Oil giant Royal Dutch Shell has offered more than $26 million (€23.6m) to buy Abengoa SA's cellulosic ethanol plant in Kansas, according to documents filed late Wednesday in bankruptcy court.

A report in Reuters, Shell's initial bid on Abengoa's bankrupt biofuels asset marks the oil major's latest push into renewable fuels as the US government is getting its over decade-old biofuels policy back on track following years of regulatory delays.

"This move is in line with Shell's strategy to develop biofuels" that use sustainable feedstocks, Shell spokeswoman Natalie Mazey said in an emailed statement to Reuters.