DSI announces solicitation for bids of the assets of Fulcrum 

In Illinois, Development Specialists (DSI) is marketing for sale the assets of Fulcrum Sierra BioFuels, LLC and Fulcrum BioEnergy.

Fulcrum is a clean energy company in the renewable fuels sector, focusing on converting municipal solid waste (MSW) into low-carbon transportation fuels, including sustainable aviation fuel and renewable diesel. Fulcrum’s proprietary process combines gasification and Fischer-Tropsch technologies to convert organic landfill waste into liquid fuel.

The Biorefinery conducted initial operations in late 2023 producing approximately 6,000 gallons. Following a maintenance outage to replace, modify and repair certain equipment, the plant is nearly ready for start-up operations. Prospective bidders could look to complete the outage work and operate the facility as designed and constructed or look to retrofit with preferred technology, said DSI.

DSI noted that the assets for sale include a waste-to-fuels biorefinery with a design capacity of 11 million gallons per year of synthetic crude oil, located on 19.4 acres, 20 miles east of Reno, Nevada. Additionally, a feedstock processing facility situated on 10 acres, 10 miles east of Reno. The bid also includes rights to a NV Energy high-voltage distribution agreement, providing 25 megawatts of total power delivery, and rights to a water supply agreement for 155 acre-feet per year.

DSI noted that Fulcrum filed for Chapter 11 bankruptcy on September 9, 2024. DSI has been retained as financial advisor and investment banker for the proposed asset sale, subject to bankruptcy court approval.

The deadline for bids is October 25 while the auction will take place on November 1.

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