Market Overview

Aaron Equipment Company Announces Bidding Close Date for Biofuels Plant Liquidation Sale

Share:

August 3, 2018 at 5:00 PM PST Slated as Final Call on Biodiesel Refinery Bids

BENSENVILLE, Ill. (PRWEB) July 31, 2018

On May 7, 2018, Aaron Equipment Company, on behalf of Tenaska Commodities, LLC, opened bidding on the assets of a Clinton, Iowa biodiesel plant. The auction has been taking place in conjunction with Reich Brothers, LLC, which specializes in complex asset dispositions and liquidity enhancements for companies undergoing structural changes. The sale marks Aaron Equipment Company's second biofuels liquation this year and bidding is now in the homestretch. Interested buyers have until 5:00 p.m. Pacific Standard Time this upcoming Friday, August 3, 2018, to get in their bids. An asset purchase and sales agreement can be downloaded from Aaron Equipment's website.

According to BP, "World biofuels production increased by 3.5% in 2017." This upswing equated to the market's fastest growth in three years. Of that figure, "The US provided the largest increment (950 thousand tonnes of oil equivalent, or ktoe)."

"Biofuels represent a key growth opportunity in the world of energy," explains Aaron Equipment Company's spokesperson, Michael Cohen. "Recent figures are promising, but if you look farther back at the ten-year average, you find that production has been achieving levels of 11.4% annually. This liquidation sale offers individuals who are interested in leveraging this biodiesel growth an opportunity to do so on their own financial terms, and at a fraction of the cost they would expect if they were starting from scratch."

Before ceasing operations, the Iowan biodiesel plant behind the sale produced 10 million gallons of biofuels per year from soybean oil. It also ran corn oil tests at 4 million gallons per year. As a result of that production, the equipment included in the sale is an extensive list. A partial rundown encompasses six Mueller distillation columns, one methanol stainless steel column with an SRS methanol feed system and one SRS resin-based pre-treatment system specifically designed to lower free fatty acids.

As the close date draws near, bidders should bear in mind that Aaron Equipment Company is entertaining only all cash offers on a turnkey basis for the facility. Equipment offers alone will not be considered. Terms of any last-minute offers should include purchase price, closing date and a description of how the transaction will be financed.

Interested bidders who would like to see a full list of assets included in the biodiesel refinery liquidation sale or who would like to extend an offer on the plant can do so online at http://www.aaronequipment.com/equipment-liquidations/calls-for-offers-re-clinton-biofuels-10m-gpy-biodiesel-refinery-due-no-later-than-500-pm-pst-on-august-3-2018. For more information on the used, reconditioned and new biofuel equipment options Aaron Equipment has to offer, contact Michael Cohen at (630) 350-2200.

For the original version on PRWeb visit: https://www.prweb.com/releases/aaron_equipment_company_announces_bidding_close_date_for_biofuels_plant_liquidation_sale/prweb15660743.htm

View Comments and Join the Discussion!