Project Overview
Ashland Chemical had a closed maleic anhydride plant on Neville Island, Pennsylvania that included three separate process areas. Phoenix Equipment purchased the plant and assumed responsibility for equipment recovery, vessel remediation, dismantlement, and material recycling. The approximately $2.75 million project ran from January 2009 through January 2010.
The Challenge
The project required Phoenix to manage remediation of salt-containing vessels while simultaneously separating reusable equipment from material destined for recycling. Some equipment could be sold immediately, some was worth retaining in inventory for future sale, and the remaining metals had value through recycling.
The objective was to recover as much value as possible from the shutdown plant while completing the required remediation and removing the facility without cost to Ashland.
Equipment Recovery, Remediation & Recycling
Phoenix sold more than $1 million worth of used process equipment during the project and retained additional reusable assets in inventory for future sale. The remaining material recovery was also substantial, with approximately 3,500 tons of ferrous material and 800,000 pounds of non-ferrous material recycled during dismantlement.
Phoenix also completed the required remediation of vessels containing salt as part of the removal scope.
Project Outcome
Ashland received the required remediation and complete removal of the shutdown plant at no cost. Phoenix offset the project economics through more than $1 million in equipment sales, additional equipment retained for future resale, and substantial ferrous and non-ferrous material recovery.
Project Highlights
- Client: Ashland Chemical
- Location: Neville Island, Pennsylvania
- Facility: Maleic Anhydride Plant (Stock # 129)
- Process Areas: 3 Separate Processes
- Phoenix Scope: Plant Acquisition, Equipment Recovery, Remediation, Dismantlement and Recycling
- Equipment Sales: More Than $1 Million (See Liquidation)
- Additional Equipment: Retained in Phoenix Inventory for Future Sale
- Ferrous Material Recycled: Approximately 3,500 Tons
- Non-Ferrous Material Recycled: Approximately 800,000 Pounds
- Remediation: Salt-Containing Vessels
- Project Timeframe: January 2009 – January 2010
- Project Value: Approximately $2.75 Million
- Owner Outcome: Required Remediation and Plant Removal Completed at No Cost
Using Asset Recovery to Offset Remediation and Removal Costs
The Ashland project combined equipment resale, inventory recovery, metal recycling, vessel remediation, and dismantlement under one acquisition. By capturing value across several recovery channels, Phoenix was able to complete the required remediation and plant removal without passing those costs back to Ashland.