HGP to auction off 10 percent interest in Calif. biodiesel firm

By Ron Kotrba | September 10, 2014

Asset advisory and auction firm Heritage Global Partners  announced it will be holding a telephonic auction of nearly 10 percent economic interest in North Star Biofuels LLC and related intellectual property owned by R Power Biofuels and Sauber LLC, including a patent and certain trade secrets. The auction will take place Oct. 7 from 10 a.m. to 12 p.m. Pacific Time.

The winning bidder will acquire a 9.871 percent economic interest in a Watsonville, Calif.-based company that owns and operates a 15.3 MMgy continuous flow multifeedstock biodiesel facility with integrated feedstock supply.

For access to the Biodiesel Auction Virtual Data Room and to officially register for the Oct. 7 sale, interested parties must contact Nick Dove, director of sales at Heritage Global Partners, to sign a required Non-Disclosure Agreement and be preapproved as a qualified, participating bidder.

“We are very excited to manage this upcoming UCC telephonic auction, which presents a rare and unique opportunity for a successful bidder to purchase a nearly 10 percent economic interest stake in a leading, California-based commercial scale biodiesel company,” said Dove. “The winning bidder will also acquire certain intellectual property including a valuable patent and other trade secrets.”

 Click here for more information. 


Array ( [REDIRECT_REDIRECT_HTTPS] => on [REDIRECT_REDIRECT_SSL_TLS_SNI] => biodieselmagazine.com [REDIRECT_REDIRECT_STATUS] => 200 [REDIRECT_HTTPS] => on [REDIRECT_SSL_TLS_SNI] => biodieselmagazine.com [REDIRECT_STATUS] => 200 [HTTPS] => on [SSL_TLS_SNI] => biodieselmagazine.com [HTTP_HOST] => biodieselmagazine.com [HTTP_CONNECTION] => Keep-Alive [HTTP_ACCEPT_ENCODING] => gzip [HTTP_X_FORWARDED_FOR] => [HTTP_CF_RAY] => 7d02dc9c1aff20be-IAD [HTTP_X_FORWARDED_PROTO] => https [HTTP_CF_VISITOR] => {"scheme":"https"} [HTTP_USER_AGENT] => CCBot/2.0 (https://commoncrawl.org/faq/) [HTTP_ACCEPT] => text/html,application/xhtml+xml,application/xml;q=0.9,*/*;q=0.8 [HTTP_ACCEPT_LANGUAGE] => en-US,en;q=0.5 [HTTP_CF_CONNECTING_IP] => [HTTP_CF_IPCOUNTRY] => US [HTTP_CDN_LOOP] => cloudflare [PATH] => /sbin:/usr/sbin:/bin:/usr/bin [SERVER_SIGNATURE] =>
Apache/2.2.15 (CentOS) Server at biodieselmagazine.com Port 443
[SERVER_SOFTWARE] => Apache/2.2.15 (CentOS) [SERVER_NAME] => biodieselmagazine.com [SERVER_ADDR] => [SERVER_PORT] => 443 [REMOTE_ADDR] => [DOCUMENT_ROOT] => /datadrive/websites/biodieselmagazine.com/ [SERVER_ADMIN] => [email protected] [SCRIPT_FILENAME] => /datadrive/websites/biodieselmagazine.com/app/webroot/index.php [REMOTE_PORT] => 52592 [REDIRECT_QUERY_STRING] => url=articles/175851/hgp-to-auction-off-10-percent-interest-in-calif-biodiesel-firm [REDIRECT_URL] => /app/webroot/articles/175851/hgp-to-auction-off-10-percent-interest-in-calif-biodiesel-firm [GATEWAY_INTERFACE] => CGI/1.1 [SERVER_PROTOCOL] => HTTP/1.1 [REQUEST_METHOD] => GET [QUERY_STRING] => url=articles/175851/hgp-to-auction-off-10-percent-interest-in-calif-biodiesel-firm [REQUEST_URI] => /articles/175851/hgp-to-auction-off-10-percent-interest-in-calif-biodiesel-firm [SCRIPT_NAME] => /app/webroot/index.php [PHP_SELF] => /app/webroot/index.php [REQUEST_TIME_FLOAT] => 1685574327.853 [REQUEST_TIME] => 1685574327 )