Texas AD facility to be sold at auction
The Huckabay Ridge anaerobic digestion facility in Stephenville, Texas, is scheduled to be offered for sale at auction on Nov. 21. EM Biogas LLC has engaged Maas Companies Inc. to manage the sale.
The plant, built in 2007 for $26 million, includes eight digesters with a combined 7.5 million gallons of digestate capacity. Each 916,000-gallon digester tank can produce 650 million Btu of biogas each year, the equivalent of 4.5 million gallons of oil. According to information provided by Maas Companies, the facility upgrades biogas into pipeline quality renewable natural gas.
EM Biogas, a wholly owned subsidiary of Element Markets LLC, acquired the facility in late 2010. According to Maas Companies, the acquisition was part of the company’s business strategy to own assets to support its biomethane marketing business. Element Markets has since refocused its portfolio exclusively on landfill gas assets, and is offering the Huckabay Ridge facility for sale.
The facility is being offered for sale as either a single entity or in tracts. The first tract includes the real estate, consisting of more than 72 acres of land, with a shop/maintenance/lab building. The second tract is the process equipment, including the digesters, gas conditioning equipment and several lots. The third tract includes both tract one and two.
Inspections are being offered on Oct. 29, Nov. 20, Nov. 21 and by appointment. Additional information on the equipment and auction is available on the Maas Companies website.