Photo: Maas Companies
June 27, 2019
BY Ron Kotrba
Maas Companies will auction Global Fuels’ 5 MMgy biodiesel plant located in Dexter, Missouri, July 23. The Global Fuels facility was built in 2007 with an original productive capacity of 3.1 MMgy. In 2013, the plant underwent a technology upgrade allowing it to process feedstock with higher free fatty acids, up to 15 percent, which also increased capacity to 5 MMgy. Located in southeast Missouri, the plant is strategically located near markets in Missouri, Arkansas, Illinois, Kentucky and Tennessee.
“This auction offers a great opportunity for a new owner in the renewable industry or a local buyer with a regional business interest,” said Tyler Maas, director of sales and marketing for Maas Companies. The property has a 12,400 square-foot building used for production, warehousing and offices, which Maas says is adaptable to many business uses. “In addition,” Maas says, “the location embraces the economic benefits of operating in a smaller community.”
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Interested bidders should contact the auction company to receive access to all the due diligence documents prior to submitting a sealed bid. Potential buyers are encouraged to schedule an inspection of the property and equipment July 1 between 9 am and 2 pm Central time, July 22 between 9 am and 2 pm Central time, or by private appointment.
The assets will be sold via a sealed bid auction as the owner is retiring. The deadline for offers is July 23 at 4 pm Central time.
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Rochester, Minnesota-based Maas Companies specializes in the liquidation of specialized and renewable assets for private companies, courts, banks and lenders nationwide.
Click here for more information.
Calumet Inc. on Aug. 8 confirmed its Montana Renewables biorefinery is currently running at full capacity. An initial phase of the company’s MaxSAF initiative remains on track to boost SAF capacity to up to 150 MMgy by mid-2026.
Marathon Petroleum Corp. on Aug. 5 released second quarter financial results, reporting improved EBITDA for its renewable diesel segment. The company primarily attributed the improvement to increased utilization and higher margins.
Chevron Corp. on Aug. 1 confirmed the company started production at the Geismar renewable diesel plant in Louisiana during the second quarter after completing work to expand plant capacity from 7,000 to 22,000 barrels per day.
The public comment period on the U.S. EPA’s proposed rule to set 2026 and 2027 RFS RVOs and revise RFS regulations closed Aug. 8. Biofuel groups have largely expressed support for the proposal but also outlined several ways to improve the rulemaking.
In celebration of World Biodiesel Day, MOL Group on Aug. 8 announced SAF was successfully produced for the first time at INA’s Rijeka Refinery during a pilot project to process biocomponent. Renewable diesel was also produced.