W2Fuel Biodiesel Manufacturing Facility in SE Iowa Going to Public sale- Bids Due November 14.
Maas Firms Inc of Rochester, MN will public sale W2Fuels’ 10 Million Gallon per yr biodiesel plant. Maas Firms specializes within the liquidation of specialised and renewable belongings for personal corporations, courts, banks and lenders nationwide. The excess belongings will probably be bought by way of an internet public sale; the deadline for bidding is Thursday, November 14, at 4:00 PM CDT.
The biodiesel facility was initially in-built 2006 and operated a number of years earlier than adjustments within the Renewable Fuels Customary precipitated it to close down and return to the lender. The plant was bought by Maas in April 2011, by way of a Lender Owned Public sale. The ability was then put again into manufacturing and ran till June of 2023 when it shut down attributable to adjustments within the Renewable Fuels Customary. W2Fuels’plant and belongings in Crawfordsville have been declared surplus to their ongoing operation and will probably be bought. Positioned in S.E. Iowa, the plant is strategically situated within the Midwest with easy accessibility to key distribution routes. The actual property and tools will probably be promoting as a package deal. There’s additionally a billboard lease alongside Hwy 218 that may convey to the brand new proprietor.
Tyler Maas, Director of Gross sales and Advertising for Maas Firms, states:
This public sale presents an incredible alternative for a brand new proprietor to proceed within the renewable fuels business or to repurpose the ability, profiting from the in depth indoor storage tank capability of virtually 500,000 gallons.
Iowa Metropolis is 33 miles to the north, Mt. Nice is eighteen miles to the south and the Quad Cities of Davenport, Moline, Rock Island and Bettendorf are solely 65 miles to the northeast. The 13.76 acre property has 451,930+ gallons of indoor tank storage with indoor truck loadout, plus a 21,325 sq. ft constructing with workplace, manufacturing and warehouse house.
Bidders within the plant ought to contact the public sale firm to obtain entry to all of the due diligence paperwork previous to submitting a bid by way of the net public sale.
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W2Fuel Biodiesel Manufacturing Facility in SE Iowa Going to Public sale- Bids Due November 14. supply
