Neb. bankruptcy court allows trustee to sell Beatrice Biodiesel

By Rembolt Ludtke LLP | November 03, 2011

The Nebraska Bankruptcy Court has entered an order granting the Chapter 7 Bankruptcy Trustee, Rick Lange, permission to sell the assets of Beatrice Biodiesel LLC. 

The assets may be sold either by private sale or at auction. If they are sold by auction, it will be on Nov. 29 with a minimum opening bid of $5 million. 

The primary asset of the company is a substantially completed but not yet operational biodiesel processing plant located in Beatrice, Neb. The facility has nameplate capacity of 50 MMgy of biodiesel, and was designed to produce 98 percent tech-grade glycerin using technology designed by Axens North America Inc.

The facility was designed for refined oil feedstock, and has been evaluated for a retrofit with a pretreatment system to permit utilization of alternative feedstock.

 

 
 
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