"ETHANOL PLANT AUCTION" 2-4 MGY ETHANOL PLANT

Friday, September 24 - 5 pm 45874 268th St Parker, SD  57053

SEALED BID WITH LIVE AUCTION Prototype Micro Ethanol Plant with Complete Laboratory Building To Be Sold Separate From Equipment Equipment Sells as One Lot Built in 2008 Operated for Less than a Year! Large Open Building with Room for Expansion Tract 1: 4,740 sq. ft. Building on 2.8± Acres to remain in place with lease for land or to be removed. Tract 2: Equipment & Laboratory Selling as ONE LOT to remain in place with purchase of building and lease terms or to be removed. Sealed Bid Deadline is Friday, September 24 at 5 pm Central Time. At that time, Seller may determine the auction event is completed OR Seller may choose to invite the top 5 bidders to a limited LIVE AUCTION on Friday, October 8 in Parker, South Dakota. Distillation Columns Molecular Sieves Process Tanks Decanter Centrifuges Grain Receiving, Handling, Storage, Weighing and Milling Equipment Hammer Mill Caustic Wash-in-Place Boiler and Related Equipment Related Process Equipment Heat Exchangers Cooling System Plant Control Room Complete Laboratory Spare and Related Equipment Facility Rendering Uncovered Facility Rendering Covered (These are very large files, allow time to download; requires .avi player such as Windows Media Player.) Genesis Ethanol I was a prototype micro ethanol plant built in 2008 with several innovative concepts. Genesis Ethanol I purchased corn locally and sold its distiller grain by products locally, thereby greatly reducing transportation costs and delivering a consistent product. In addition, the facility was designed with energy-saving components unique to its design in an effort to reduce energy costs. Initially, the plant was to be the first born in a series of similar plants throughout the region. The plant was built with typical automation and monitoring with multiple security cameras placed strategically on-site. Summit Green Energy, the builder and managing partner, intended to capitalize on economies of scale by running multiple plants within the region. Although the micro ethanol plant began operations, it was not able to sustain its momentum with overwhelming external factors affecting the industry as well as some operational issues. Design documents available upon signing a confidentiality form. INSPECTIONS: Friday, September 10 • 12 pm - 4 pm Thursday, September 23 • 12 pm - 4 pm Other times by Appointment.

Payment Info: 10% Buyer Premium. First Non-Refundable Deposit must be paid by wire transfer or by certified check in the amount of $50,000 AND must accompany a Sealed Bid Offer. Bidder acknowledges that Sealed Bid Offers without a First Non-Refundable Deposit will not be considered. Bidder also acknowledges that such deposit will be held until a high bidder is declared, which could be as late as Friday, October 8, 2010. (If Bidder is not the high bidder, deposit will be refunded within forty-eight hours of the auction’s completion.) For the high bidder, if the deposit is less than 25% of the purchase price, including Buyer’s Premium, an additional deposit is due bringing the full deposit to 25% of the total purchase price, (Second Non-Refundable Deposit) and is payable within 48 hours of the auction completion. Bidder agrees that the Deposit(s) will be applied to the purchase price at time of closing on or before Friday, October 15, 2010. No equipment can be removed from the site without full payment. Sales tax may apply.

Full Terms: Equipment is selling AS-IS, WHERE-IS WITH NO WARRANTIES, GUARANTEES, EXPRESS OR IMPLIED. Equipment may require rigging assistance for removal, additional costs may apply; items left longer than 45 days are subject to forfeiture. Removal, packaging and transportation costs are the responsibility of buyer. Sales tax may apply. Buyers are urged to inspect items prior to purchase. Seller and Auctioneer are not responsible for items. Subject to Prior Sale. In the event of a dispute, Auctioneer has final decision. Valid Government Issued Photo ID required to obtain bidding number.

Click Here for Auction Brochure

Click Here for Catalog

Click on the image below for photos.

Total Items: 117