W2Fuels’ 10MGY biodiesel plant to be auctioned off

In Iowa, Maas Companies Inc of Rochester, MN will auction W2Fuels’ 10 Million Gallon per year biodiesel plant. Maas Companies specializes in the liquidation of specialized and renewable assets for private companies, courts, banks and lenders nationwide. The surplus assets will be sold via an online auction; the deadline for bidding is Thursday, November 14, at 4:00 PM CDT.
The biodiesel facility was originally built in 2006 and operated several years before changes in the Renewable Fuels Standard caused it to shut down and go back to the lender. The plant was sold by Maas in April 2011, via a Lender Owned Auction. The facility was then put back into production and ran until June of 2023 when it shut down due to changes in the Renewable Fuels Standard. W2Fuels’plant and assets in Crawfordsville have been declared surplus to their ongoing operation and will be sold. Located in S.E. Iowa, the plant is strategically located in the Midwest with easy access to key distribution routes. The real estate and equipment will be selling as a package. There is also a billboard lease along Hwy 218 that will convey to the new owner.