Maas Companies of Rochester, MN will auction Mid-Atlantic Biodiesel plant on January 22, 2009 at 11:00 a.m. at 281 School Lane, Clayton, DE.
Mid-Atlantic Biodiesel Company, LLC, a 5 million gallon-per-year B100 biodiesel refinery, was constructed in 2006-07. The facility operated for six months before suspending operations due to an unexpected change in market conditions. The refinery is currently dormant and under the care of on-site personnel but is in “move-in” condition. Refinery equipment will be auctioned mostly as a unit with the exception of some uninstalled new equipment that will be offered for individual sale. The refinery’s laboratory equipment is subject to lease-to-own equipment leases, which may be assumed.
The refinery is leased from Norfolk Southern Company, whose rail siding connects the property to its main rail line. Qualifying bidders will have the option to assume the lease and operate on-site, subject to Norfolk Southern’s review and approval of the new owner’s credentials. Equipment can also be removed for use at another location.
Potential buyers are encouraged to attend the following open houses:
Thursday, Jan. 8; 11 a.m. – 4 p.m.
Friday, Jan. 9; 11 a.m. – 4 p.m.
Tuesday, Jan. 20; 11 a.m. – 4 p.m.
Wednesday, Jan. 21; 11 a.m. – 4 p.m.
The successful purchaser must document a $100,000.00 USD deposit in certified funds on the day of auction with the purchase price balance due 30 days later at closing.
Auction details are available at the auctioneer’s website: maascompanies.com or by contacting Maas Companies directly at 507-285-1444.
Maas Companies Inc. is an international marketing company with considerable experience in successfully marketing industrial plants, equipment, real estate, and commercial properties world wide.
