Bankruptcy Auction | Selling Land and Equipment
LandsofTexas.com
#1 in Rural Real Estate Online
Edward D. Durnil
Edward D. Durnil
Tranzon Asset Advisors
Available

Bankruptcy Auction | Selling Land and Equipment

7391 U.S. 59, Wharton, Texas 77488 - Wharton County
Auction 5.26 Acres
Property ID 6759562
Bankruptcy Auction | Selling Land and Equipment
7391 US-59 Wharton Texas
05/15/2019 4:00 PM

Click here for online bidding

Description

Court Ordered Bankruptcy Auction | Selling Land and Equipment Separately

TAA1909A (Plant & Equipment)

Bankruptcy Auction! Ordered by the U.S. Bankruptcy Court, Southern District of Texas. Infra Technology LLCs modular, transportable GTL (Gas-To-Liquid) M100 plant for processing natural and associated gas into synthetic crude oil. The GTL Plant is selling as a unit separately from the land. The land is 5.2604 +/- ACs on U.S. Highway 59. Approx. 1.3 +/- ACs of stabilized yard. The Property has all available utilities on site. The Plant will Sell to the Highest Bidder!

DONT MISS THIS OPPORTUNITY TO BUY UNDER MARKET VALUE!!!

Modular, transportable GTL (Gas-To-Liquid) M100 plant for processing natural and associated gas into synthetic crude oil

The GTL Plant converts the natural gas feed to synthetic crude oil passing through several technological blocks.

The GTL Plant is utilizing state of the art technology to fully integrate energy and material balance. The base configuration of the GTL plant incorporates a fuel (synthetic oil) enhancement block to meet market requirements.

The feed gas supplied to the GTL Plant during normal operation is defined to be 1 MMSCFD, considering plant annual operation cycle of 8000 hr/year. The gas will be supplied at a pressure of 27 bar. The Steam-Methane-Reformer (SMR) uses steam and methane to produce synthesis gas. The heat from the furnace is recovered in the Waste Heat Boiler. The synthesis gas is then cooled and sent to the Amine Section. In the amine section the carbon dioxide is removed from the synthesis gas. The synthesis gas is then sent to the membrane section. Here the desired hydrogen to carbon monoxide ratio is achieved. The non-permeate stream of the membrane is then sent to the Fischer-Tropsch section. Here the gas reacts to produce synthetic crude. The crude is then cooled and separated into unreacted gas, water, and product. The product is then sent to the product storage tank. Refer to figure 1 the block diagram for the GTL process.

The produced synthetic fuel is fully compatible with existing global liquid fuel and oil industrial process technologies. The INFRA synthetic fuel assay confirms a high quality liquid mono-product - light synthetic oil:

o More than 95% of liquid light fractions,

o No sulfur and aromatics,

o Large fraction of iso-paraffins and olefins,

o High cetane number for diesel fuel,

o Large (up to 45%) fraction of jet fuel fraction

The GTL Plant utilizes a proprietary catalyst, which is the intellectual property of Infra Technology LLCs Parent Company and is critical to the system design and operation. NOTE: The Parent Company is going to offer a license to use the proprietary catalyst at no cost to the purchaser who is interested in continuing the operation of the plant.

Location is the East side of US Highway 59 (just South of the intersection of Hwy 59 & Business 59), Wharton County, TX

TAA1909B (Real Estate)

Bankruptcy Auction! Ordered by the U.S. Bankruptcy Court, Southern District of Texas. 5.2604 +/- ACs on U.S. Highway 59. Approx. 1.3 +/- ACs of stabilized yard. The Property has all available utilities on site. The property is the site for Infra Technology LLCs modular, transportable GTL (Gas-To-Liquid) M100 plant for processing natural and associated gas into synthetic crude oil. The GTL Plant is selling as a unit separately from the land. The land will Sell to the Highest Bidder!

DONT MISS THIS OPPORTUNITY TO BUY UNDER MARKET VALUE!!!

Approx. 5.2604 ACs or 229,143.02 SF of land

Location is the East side of US Highway 59 (just South of the intersection of Hwy 59 & Business 59), Wharton County, TX

Zoning: None

Topography: Grade level

Utilities:

o Electricity: 3-Phase Power

o Water/Sewer: City

o Gas: Centerpoint

Flood Hazard: Zone X500 & A according to FEMA #484810355

Fencing: Hurricane Fence with Barb Wire/Electronic Entry Gate

Parking: Approx. 60,000 +\- SF of Crushed Rock Stabilized Yard

56 Miles Southwest of Houston CBD

Market Area: Wharton is the County Seat and is located on the Colorado River just East of U.S. Highway 59.

Tranzon Asset Advisors of Texas, LLC #9008058, Kelly D. Toney, TX Auctioneer #11818

United States Bankruptcy Court, Southern District of Texas, Houston Division, Case No. 19-31444

10% Buyer's Premium and other terms apply.

Online bidding ends at 3:00 pm CT TAA1909A (Plant & Equipment) & 4:00 pm CT for TAA1906B (Real Estate)

Tax Data (Show Tax Data)

Contact Broker

Fill out this form to contact Broker about this property

Edward D. Durnil
Edward D. Durnil
Tranzon Asset Advisors

Other Land for Sale from

    NOTE: The information contained herein is provided as general information only and has been obtained from sources deemed reliable. It is provided without any guaranty, warranty or representation, expressed or implied, made by Lands of America, or any related entity, as to the accuracy or completeness of the information. The information is presented subject to errors, omissions, change of price or conditions, prior sale or withdrawal without notice. Prospective purchasers should make their own investigations, projections and conclusions concerning the information.