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, email@example.com, www.frankensenergy.com
More Low-Carbon Energy News Cellulosic Ethanol, Frankens Energy, INEOS Bio Energy, Maas Companies,