COURT ORDERED SEALED BID AUCTION: June 27, 2018 12 MGY Biodiesel Facility South Roxana, IL
Details
7350 State Route 111
South Roxana, IL 62087
Inspections
Tuesday, June 5 9 am to 3 pm
Tuesday, June 26 9 am to 3 pm
Other times by Appointment
Bid Deadline
Wednesday, June 27 Sealed Bid deadline: 4:00 pm
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Location
Details
$8 Million Dollar / 12 Million Gallon Per Year Biodiesel Facility on 5.59 Acres
Real Estate & Equipment Selling as Entirety
9,173 sq. ft. Production / Warehouse Building
2,160 sq. ft. Office Building
Built in 1995 and Modified for Biodiesel Production in 2006 for $8 Million Dollars
Capable of Producing 12 Million Gallons of Biodiesel per Year
PLANT SUMMARY:
The St. Louis Biodiesel, LLC facility was originally built in 1995. It underwent an $8,000,000 dollar transformation into a biodiesel production facility in 2006. It is one of nine biodiesel plants in the state. The plant is capable of producing up to 12 million gallons of biodiesel per year. The plant is multi-feedstock capable and used soybean and vegetable oil. The plant has had several major upgrades most notably a large tank farm upgrade in 2014. The plant sits just south of the Wood River Refinery owned by Philips 66/WRB Refining and is roughly 24 miles east of St. Louis. The plant is now idle and will be sold during a sealed bid auction process.
To view documents related to this sale that may aid you in your due diligence, please complete and return this
.
Sealed bids will be accepted by Maas Companies until Wednesday, June 27, 2018 at 4:00 PM CDT. Sealed Bid offers must be received by the deadline and be accompanied by a $20,000 earnest money deposit (check or wire) along with a fully completed and notarized Bidder Kit. Deposits will be returned to the unsuccessful bidders. Bids must be delivered by traceable courier to Maas Companies Inc at 6923 10 Avenue SW, Rochester, MN 55902. Deposit monies are payable to ATEC, Receiver for St. Louis Biofuels and will be held in escrow as such. Wire transfers are acceptable. All bids are subject to Sellers acceptance on or before Thursday, June 28 at 4 PM CDT. Bidders will be notified of the Sellers decision in writing via email. At this time, the Seller, in its sole discretion, may either declare one of the bidders the winner and the auction process ended or in the event of a tie, the Seller may invite the high bidders to participate in a limited live auction. Should the auction process continue to a limited live auction, the event will be held on Friday, June 29 at 11:00 AM CDT. Buyers will be able to participate via phone. Buyers are strongly encouraged to submit their highest and best offers by June 27, 2018 at 4 PM CDT. The Sealed Bid Auction process is binding and offers are non-revocable, buyers should request and thoroughly review all documents prior to submitting a sealed bid offer. The auction is being held as a result of the Regional Growth Capital, Inc v St Louis Biofuels, LLC et al Case No 16SL-CC02399, Circuit Court of St. Louis County. To obtain a Bidders Kit, please contact the auction company at 507-285-1444.
Re: COURT ORDERED SEALED BID AUCTION: June 27, 2018 12 MGY Biodiesel Facility South Roxana, IL
7350 State Route 111
South Roxana, IL 62087
To Whom It May Concern: Pursuant to your request, please sign and date this release to receive documents relating to the above noted property. The Seller did not prepare these documents and has no knowledge of their accuracy or completeness. None of the documents shall constitute a representation or warranty of any kind by Seller as to the accuracy or completeness of any information delivered. Accordingly, Seller expressly disclaims any responsibility therefor, including any consequences of any reliance by anyone on them. Please note that the documents and the information contained therein are confidential, and by acknowledging receipt, you agree to keep such information confidential and that you shall not, without the prior written consent of Seller, share any of the documents with anyone other than Potential Buyer and representatives of Potential Buyer who need such information for the purpose of evaluating the premises and who are informed of the confidential nature of the information and also agree to be bound by the terms of this confidentiality provision. By this acknowledgement, you further agree that you will return to me the originals and any copies of the materials forthwith upon demand if the contemplated transaction is not consummated. Please do not hesitate to contact our office with any questions you may have.
