On May 9, Tiger Group and Federal Equipment Co. will conduct an online auction of the complete assets formerly owned by biofuel technology company Inaeris Technologies.
The professionally maintained assets include main, demonstration and pilot plants, along with intellectual property, research and development lab assets and more. Offers for a turnkey acquisition of the shuttered company’s Pasadena, Texas, facility will also be considered.
“Inaeris created a proprietary technology platform that transforms non-food, cellulosic biomass into drop-in transportation fuel blendstocks,” says John Coelho, senior director of Tiger’s commercial and industrial division. “The company’s flexible technology can be commercialized either as a stand-alone facility or as an addition to an existing plant that already processes biomass, such as a pulp/papermill, or one that produces fuels, such as a petroleum refinery.”
“This offering provides a unique opportunity to acquire a functional research technology operation at hard asset value,” adds Ted Davis, vice president of Federal Equipment Co., a supplier of surplus manufacturing equipment to pharmaceutical, chemical, plastics and other companies. “The ability to submit piecemeal bids also offers interested parties the opportunity to purchase individual assets at liquidation prices.”
Bidding will commence on Thursday, May 9, at www.SoldTiger.com. Bidding will close in rapid succession, live auction style, on May 9 at 10:00 a.m. (CT). All bidders are required to register prior to the sale at SoldTiger.com. Previews of the assets are available from 10:00 a.m. to 4:00 p.m. (CT) on Wednesday, May 8, at 13001 Bay Park Rd., in Pasadena, Texas.
More information can be found here.