Keokuk, Iowa 5 MMgy biodiesel plant auction set for Dec. 16

By Susanne Retka Schill | October 14, 2009
Posted October 27, 2009

A 5 MMgy biodiesel plant will be on the block in a court-ordered auction 11 a.m., Wednesday, Dec. 16 conducted by Maas Companies Inc. The auction will take place on site in Keokuk, Iowa, where Tri-City Energy LLC operated the plant for approximately 17 months.

Tri-City began producing in late 2006 after refurbishing an 85 year old wheat processing plant a block off Main Street in Keokuk. Biodiesel Magazine reported at the time that a group of local investors planned a four-phase project starting with soy biodiesel processing at the 5 MMgy plant under construction, with plans to add crushing and a second, larger plant along river front property. The magazine's plant plant list recorded the plant as using animal fats and vegetable oils as feedstocks using process technology by Techno-Chemicals.

A foreclosure motion begun by plant creditors was temporarily put on hold in late 2008 when Tri-City Energy announced a possible cash infusion from a new investor. That effort failed however, and last week, Maas Companies listed the court-ordered auction. The Maas auction bill says the plant at 219 South 5th St. in Keokuk produced 1 million gallons of biodiesel. The 17,000 square foot building sits on a 24,500 square foot lot and includes 11-12,000 gallon tanks.
Array ( [REDIRECT_REDIRECT_STATUS] => 200 [REDIRECT_STATUS] => 200 [HTTP_USER_AGENT] => CCBot/2.0 ( [HTTP_ACCEPT] => text/html,application/xhtml+xml,application/xml;q=0.9,*/*;q=0.8 [HTTP_IF_MODIFIED_SINCE] => Sat, 15 Dec 2018 00:48:56 GMT [HTTP_HOST] => [HTTP_CONNECTION] => Keep-Alive [HTTP_ACCEPT_ENCODING] => gzip [PATH] => /sbin:/bin:/usr/sbin:/usr/bin [SERVER_SIGNATURE] =>
Apache/2.2.15 (CentOS) Server at Port 80
[SERVER_SOFTWARE] => Apache/2.2.15 (CentOS) [SERVER_NAME] => [SERVER_ADDR] => [SERVER_PORT] => 80 [REMOTE_ADDR] => [DOCUMENT_ROOT] => /datadrive/websites/ [SERVER_ADMIN] => [SCRIPT_FILENAME] => /datadrive/websites/ [REMOTE_PORT] => 41666 [REDIRECT_QUERY_STRING] => url=articles/3821/keokuk-iowa-5-mmgy-biodiesel-plant-auction-set-for-dec.-16 [REDIRECT_URL] => /app/webroot/articles/3821/keokuk-iowa-5-mmgy-biodiesel-plant-auction-set-for-dec.-16 [GATEWAY_INTERFACE] => CGI/1.1 [SERVER_PROTOCOL] => HTTP/1.1 [REQUEST_METHOD] => GET [QUERY_STRING] => url=articles/3821/keokuk-iowa-5-mmgy-biodiesel-plant-auction-set-for-dec.-16 [REQUEST_URI] => /articles/3821/keokuk-iowa-5-mmgy-biodiesel-plant-auction-set-for-dec.-16 [SCRIPT_NAME] => /app/webroot/index.php [PHP_SELF] => /app/webroot/index.php [REQUEST_TIME_FLOAT] => 1553229616.853 [REQUEST_TIME] => 1553229616 )