The sale includes INEOS' surplus land and equipment which will be offered first via a sealed bid auction process ending on Tuesday, January 8, 2019. If the equipment is not sold as an entirety with the real estate, the equipment will then be sold piecemeal via a timed online auction ending on January 15, 2019.
The 2011 vintage, $230 million INEOS plant was a joint venture between Ineos Group LTD and New Planet Energy LLC. This first of its kind demonstration plant was designed to use an integreated biomass gasification and gas fermentation technology to convert cellulosic yard and vegetable waste into ethanol.
The plant is adjacent to the Indian River County Solid Waste Disposal LandFill with an existing gas line in place enabling the use of the landfill waste gases on the site. The plant also owns an additional 74.5 acre tract of land to the south of the main site.
Frankens Energy purchased the property earlier this year and has begun deploying its plans to convert the site into an industrial eco-district, the first of its kind on the eastern seaboard. Once complete, the Indian River Eco-District will support and nurture an innovative eco-system of industrial businesses, while fostering sustainable competitive advantages, growth and success of each of its members.
(Source: Maas Companies, 6 Dec., 2018)
Indian River Eco District, www.irecodistrict.com;
Maas Companies, (507)285-1444, www.masscompanies.com, www.ethanolplantauction.com; Frankens Energy, David Frankens, firstname.lastname@example.org, www.frankensenergy.com
More Low-Carbon Energy News Cellulosic Ethanol, Frankens Energy, INEOS Bio Energy, Maas Companies,
The Indian River Eco-District is being developed at an enviable location, in that over $200 million of infrastructure capital was recently deployed at the site to build an industrial biofuels production plant, including on-site power generation equipment and a physical interconnection to Florida's electricity grid.
Frankens Energy is an investor, owner and manager of a portfolio of renewable power generation assets, including the associated land and real estate, across the states of Ohio, Oklahoma, Texas and Florida.(Source: Frankens Energy, PR, 21 Feb., 2018) Contact: Frankens Energy, David Frankens, email@example.com, www.frankensenergy.com
More Low-Carbon Energy News Frankens Energy, INEOS, Bioenergy,
INEOS New Planet BioEnergy LLC, which processed yard waste into ethanol and electricity, received about $129 million in government loans, tax incentives and grants to convert a former Ocean Spray processing plant into a biofuel-producing facility.
As reported on July 14, it appeared INEOS would be purchased by Alliance BioEnergy of West Palm Beach, but the $8 million offer fell through. (Source: TC Palm, 29 Jan., 2018) Contact: Alliance BioEnergy Plus, Alliance Bio-Products , Daniel deLiege, Pres., (888) 607-3555x1106, firstname.lastname@example.org, www.alliancebioe.com; INEOSBio, Mark Dietzen or Markus Hesse, +41 (0) 21 627 7040, email@example.com, www.ineos.com
More Low-Carbon Energy News INEOS, Frankens Energy, Alliance BioEnerg,