Fulcrum assets listed for sale

Development Specialists (DSI) is seeking buyers for the assets of Fulcrum Sierra BioFuels, LLC and Fulcrum BioEnergy, Inc.

The waste-to-fuel technology renewable energy company filed for Chapter 11 bankruptcy on September 9, 2024.

“The assets owned by Fulcrum Sierra BioFuels, included in the stalking horse bid are as follows: a waste-to-fuels biorefinery with a design capacity of 11m gallons per year of synthetic crude oil, located on 19.4 acres, 20 miles east of Reno, NV,” said a press release issued by DSI.

“Additionally, a feedstock processing facility situated on 10 acres, 10 miles east of Reno, NV. 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. Other assets encompass tangible assets (PP&E and inventory), permits and licenses, causes of action related to Fulcrum Biofuels, and all associated security deposits.”

Founded in 2007, Fulcrum specialises in converting municipal solid waste (MSW) into low-carbon transportation fuels, including sustainable aviation fuel (SAF) and renewable diesel. The company’s biorefinery, located near Reno, NV, has a design capacity of 11m gallons per year of synthetic crude oil.

The assets up for sale include the biorefinery, a feedstock processing facility, intellectual property, and other tangible assets. Switch, Ltd. has already submitted a stalking horse bid of $15m.

Interested parties can submit bids by October 25, 2024, with an auction scheduled for November 1, 2024.

To read more about Fulcrum’s bankruptcy filing and reasons behind it, click here.