Investment group purchases NextDiesel plant, updating front end

By Erin Voegele | August 09, 2011

EnerVation Advisors LLC is bringing the idle Adrian, Mich.-based NextDiesel plant back online. The company recently announced it oversaw the closing of the purchase, which was made by a private investment group. According to EnerVation, the 9 MMgy facility was acquired via bankruptcy proceedings.

Paul Tantillo, managing member of EnerVation, said that the former NextDiesel plant made for an attractive investment due, in part, to the fact that facility was well made. “It’s a very nice plant,” he said. The facility is located on a rail line, resulting in a strong logistical advantage. “It’s going to serve very well as a plant in that region,” Tantillo said. “It’s in the right part of the country, and it’s relatively new.”

Tantillo estimates the facility has been idle for approximately 12 months. Work is currently underway to update the plant’s front end, which will allow it to take in a wide range of feedstocks. According to Tantillo, a prefiltration system and a system to reduce free fatty acids (FFAs) will be added during the refit. The primary feedstock for the plant will be waste greases and oils. However, some soy oil is expected to be used as well.

EnerVation expects updates to the front end to be complete in approximately two months, with operations beginning soon after. Information released by the company notes that staff members for the plant will be hired during the next 60 days. Tantillo said the facility is expected to employ 16 to 18 staff members.

Tantillo also said that EnerVation is in the process of acquiring the 10 MMgy Riksch Biofuels plant in Crawfordsville, Iowa. That purchase is expected to be complete later this summer. 

 

 
 
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