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We have the Opporrtunity to sell 1 unit used 16,000 BPD
Oil Refinery 2008 in full production with his Land
in USA .
The refinery is located on a 20.6 acre site in USA .
It is currently producing at 16,000 BPD, but can be upgraded
to up 42,600 BPD. The estimated price for upgrades is
Tank storage is at 644,000 barrels but upgradeable to
894,000 barrels .
The refinery is located on a 20.6-acre site and is adjacent
to an industrial park (which has unit train capacity that could
be built to suit for rail car loading/unloading, as well as deepwater
port access) as well as roughly 1.5 miles from multiple pipelines.
This facility is a multi-service processing and terminal facility. The refinery is located on a 20.6-
acre site and is adjacent to an industrial park (which has unit train capacity that could be built to
suit for rail car loading/unloading, as well as deepwater port access) as well as roughly 1.5 miles
from multiple pipelines.
The facilities were originally commissioned in 2007 to build a 110 million gallons/year biodiesel
production and storage facility, and became operational in 2008. In late 2009 a combination of
storm damage and volatile financial and commodity markets caused the assets to be shut down
and placed into receivership.
Originally focused on producing biodiesel, a new ownership group acquired the site in late 2012
and spent significant resources to remediate and upgrade the facilities. This led to a short test run
of full operation in mid 2014 that produced 1.5 million gallons of high purity biodiesel from
soybean oil. In early 2015, the uncertain regulatory structure for renewables led the refinery’s
management to reposition the refinery to focus on the sale of the facilities to a buyer in either the
biodiesel or crude industries.
Biodiesel Production and Blending Tax Credit
Qualified biodiesel producers or blenders are eligible for an income tax credit of $1.00 per gallon of pure biodiesel (B100) or renewable diesel produced or used in the blending process. Re-blending of blended biodiesel does not qualify for the tax credit. The total amount of credits claimed by all biodiesel producers may not exceed the annual biodiesel tax credit cap of $10 million. Unused credits may not be carried forward. For the purpose of this credit, biodiesel must meet ASTM specification D6751, and renewable diesel is defined as a renewable, biodegradable, non-ester combustible liquid derived from biomass resources that meets ASTM specification D975. (Reference Kentucky Revised Statutes 141.422 to 141.424)
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