Large Scale Biodiesel Production Facility in the Mid-Atlantic Region Going to Auction on November 13

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Maas Companies of Rochester, MN will auction Chesapeake Green Fuels’ 10 Million Gallon per year biodiesel plant. Maas Companies specializes in the liquidation of specialized and renewable assets for private companies, courts, banks and lenders nationwide. The surplus assets will be sold via a sealed bid auction; the deadline for offers is Wednesday, November 13 at 4 PM CDT.

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This auction offers a great opportunity for a new owner in the renewable or like industry or a local buyer with a regional business interest.

The Chesapeake Green Fuels facility was originally built in 2006/2007 by Mid-Atlantic Biodiesel, with a capacity of 5 million gallons per year. The plant capacity was doubled in 2009 by Chesapeake with the addition of multi-feedstock pretreatment systems including bleaching filtration, glycerolysis and methyl ester distillation. Chesapeake’s plant assets are now surplus to their other ongoing businesses. Located in Delaware, the plant is strategically located near eastern markets, terminals and key distribution routes. The equipment will be selling as one package to remain on location or to be moved. The land is available via a long-term lease with Norfolk Southern Company that can be assumed or negotiated, and has a rail spur that services the site with high capacity loading and unloading.

Tyler Maas, director of sales and marketing for Maas Companies, states, “This auction offers a great opportunity for a new owner in the renewable or like industry or a local buyer with a regional business interest. Dover is 15 miles to the South, Annapolis 60 miles to the northeast and Washington, D.C is only 100 miles away. The 6 acre property has 335,400 gallons of tank storage on rail siding, plus a 6,944 Sq. Ft. Production Building, 3,000 Sq. Ft. Shop Building along with a modular office. The property currently has an income producing tenant in place.”

Bidders interested in the plant 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 during the below noted times or by private appointment:

Tuesday, October 15    9 AM – 2 PM
Tuesday, November 12    9 AM – 2 PM
Other times by appointment.

Details of the sale are available at the auction website, http://www.biodieselplantauction.com or by contacting the auction company directly at 507-285-1444.

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Allison Guyton
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