Illinois biodiesel plant up for auction in March
BioVantage Fuels LLC, a 5-million-gallon-per-year biodiesel plant in Belvidere, Illinois, will be auctioned off in March. The sealed-bid auction allows buyers the ability to purchase the assets in tracts or in its entirety. Sealed bid offers are due to the auction company by March 17 at 4 p.m. Central time. Maas Companies Inc. is conducting the auction.
BioVantage Fuels LLC produced biodiesel mainly from used cooking oil. The plant has both the additional land and utility access available for significant expansion in production capacity. A lifetime-operating permit, blenders license and wastewater-spray permit are also available.
The $7 million plant was built in 2007 and sits on a parcel of nearly 7 acres, with an option on 3 acres and another 9 acres adjacent for future expansion. It is strategically located close to the intersection of I-90 and I-39. Rockford, Illinois, is just a few minutes to the west and Chicago’s O’Hare Airport is 50 miles to the east. While there is currently no direct rail access to the site, there is a vacant UP rail spur available for lease just a quarter mile from the plant, and there is the potential to gain an easement for rail spur development in the future.
The plant can be operated as-is. The new owner may acquire adjacent land for expansion or choose to relocate the equipment and repurpose the building.
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