Project Overview
Ciba Specialty Chemicals operated an alkyl ketene dimer (AKD) plant in Toulouse, France within a larger integrated chemical complex. The AKD plant included equipment both inside and outside a leased building, and Ciba was contractually required to remove all equipment, piping, and structures and return the building to an empty shell by December 31, 2007.
Phoenix Equipment purchased the complete AKD plant and assumed responsibility for the asset recovery and dismantlement effort. The approximately $1.5 million project ran from August through December 2007.
The Challenge
The project combined a fixed contractual deadline with a complex removal scope within a larger integrated chemical complex. Ciba needed the leased building completely cleared by year-end, including process equipment, piping, and structures, while Phoenix also needed to identify buyers for reusable assets and coordinate the physical removal work within the same schedule.
Asset Recovery & Dismantlement
Phoenix engaged potential buyers while mobilizing a removal crew to execute the dismantlement. The work included removal of the process equipment, piping, and structures required under Ciba’s lease obligations. By coordinating buyer activity with the removal program, Phoenix was able to recover value from the redundant assets while keeping the project aligned with the contractual deadline.
Project Highlights
- Client: Ciba Specialty Chemicals
- Location: Toulouse, France
- Facility: Alkyl Ketene Dimer (AKD) Plant (Stock # 121)
- Site Conditions: Plant Located Within a Larger Integrated Chemical Complex
- Building Status: Leased Facility
- Phoenix Scope: Plant Acquisition, Buyer Outreach, Equipment Removal and Dismantlement
- Removal Scope: Equipment, Piping and Structures (See Liquidation)
- Contractual Deadline: December 31, 2007
- Final Condition: Building Returned to an Empty Shell
- Project Timeframe: August 2007 – December 2007
- Project Value: Approximately $1.5 Million
- Owner Outcome: Deadline Met / Significant Value Recovered From Redundant Assets
- Safety: Completed Safely
Meeting a Fixed Clearance Deadline While Recovering Asset Value
Phoenix combined asset remarketing with dismantlement and removal so Ciba could recover value from the AKD plant while meeting its contractual deadline. The leased building was returned to an empty shell by December 31, 2007.