Liquidation & Auction Services Case Studies

EdenIQ, a biotechnology company that developed processes for producing and measuring cellulosic ethanol from corn kernel fiber, no longer required their pilot plant in California, Subsequently, they wanted to monetize their assets and have them properly removed from a facility they leased in Visalia, CA. Phoenix Equipment was able to offer significant value for the assets, and safely execute the removal scope of work that included approximately 100 pieces of process equipment, as well as outside process structures and mezzanines; indoor conveyor systems, fermentation units, and mixing equipment, pallet racking with materials, boneyard filled with equipment, scrap and debris. All work had to be performed in accordance with the lease requirements and restored to a broom clean condition as if no chemical plant existed on the site by December 31, 2019. We safely completed the work in 8 weeks with a combination of cranes, telescopic forklifts, and manlifts. Process equipment included: a 10,000 gallon Stainless Steel holding tank, (13) 1,500 gallon 316L Stainless Steel Vertical Tanks with Jackets, (2) 2500 Gallon Vertical tanks with jackets, 3000 gallon vertical tank with Jacket, (3) 475 gallon A&B Process Kettles, CIP Skid, 18"x 24' Distillation tower with reboiler. (2) Hurst Boilers with Deaerator, (12) centrifugal pumps, (4) conveyors, (3) air-compressors, (9) colloid mills, (3) mixers, and a 267 ton chiller.

Evonik closed its Silanes and Orthoester Specialty Chemical Plants for business reasons in 2010 at its Theodore, AL site. The closed plants were located within Evonik’s large operating complex.  Evonik needed land the plants sat on for another project.  Although Evonik could have simply demolished the plants, they recognized that they could recover the most value by contracting with a process equipment buyer who had the ability to not only remove the process equipment of value but also complete the removal of all unwanted structures and piping within the area.  Phoenix purchased the equipment in July 2012 and safely completed the complex dismantlement and demolition scope by February 2013.   Our Solution Asset Recovery / Sales Plan Phoenix Equipment paid Sanofi for the plant and equipment and performed all removal and dismantlement work at no cost.  We were able to do this by leveraging our ability to purchase and resell process equipment.  Phoenix safely dismantled and rigged out at its own expense over 100 pieces of process equipment for resale, including:(13) Hastelloy Reactors, (9) Glass Lined Reactors, (3) Filter Dryers, (13) Hastelloy Heat Exchangers/Condensers, (3) Centrifuges, (4) Shelf Dryers, (12+) Sparkler and Nutsche Filters, (5) Milling Systems (10) Temperature Control Units, (10+) Tanks, (4) Chillers, (10+) Lab Equipment, and (10+) Scales.   Asset Recovery Summary 100+ Pieces of Process Equipment 250,000 lbs+ of Non-ferrous material 1500 Ton+ of Carbon Steel   Dismantlement Work Total Plant Demolition Equipment Rigging Scrap Recycling In addition to equipment removal and building demolition, Phoenix offered a turn-key demolition service as part of our acquisition that included the following: Geographical Survey, Disconnects and Utility Safe-offs, Electrical Terminations, Testing of Masonry Materials, Extermination, Soil Erosion Control and Landscaping.  Our 8 person crew spent six months at the NJ plant to safely perform the project without any injury or incident.  Phoenix utilized a Komatsu PC400 Excavator equipped with a shear, a Komatsu PC300 Excavator equipped with a grapple, various cranes ranging from 65 Tons to 500 Tons, various man-lifts, skid steer dozers and forklifts.  Our crew worked with the plant’s employees to time our operations in the plant’s active areas.

Phoenix acquired all process assets from Flying Dog Brewery’s facility in Frederick, Maryland, following the brewery’s acquisition by a larger beer producer and subsequent production relocation. The original Flying Dog owners, who retained ownership of the land and buildings, sold the property to a non-beverage manufacturer and were required to clear the site within a defined timeframe. Phoenix promptly signed a purchase agreement and managed the complete liquidation of the brewery’s equipment. Assets included a 50 BBL and 15 BBL brewhouse, over a dozen 200–250 BBL jacketed fermenters, a yeast propagation system, grain handling equipment, bottling equipment and more. Some items were sold via auction, with remaining assets transferred to Phoenix’s yard for future sale. Summary Timeframe: October 2023 – March 2024 Service: Plant Liquidation & Auction Value: $1,250,000 Result Phoenix swiftly fulfilled all obligations, clearing the Frederick, MD site on schedule. The owner was paid and recovered part of their investment, while Phoenix auctioned key assets and moved remaining equipment to inventory for resale, maximizing value from the decommissioned brewery.

Mining Plant Liquidation & Dismantlement for Tronox Project Overview In 2013, Tronox, in partnership with two other trona producers in Green River, Wyoming, constructed a state-of-the-art Beneficiated Milled Trona (BMT) Plant to manufacture a specialty product for the power generation industry. Despite the significant investment, changing market conditions led to the facility ceasing operations after only a few months. Located within Tronox's active Green River mining complex, the BMT facility consisted of three interconnected processing plants—Ore Handling, Beneficiation, and Milling—linked by miles of elevated conveyors that crossed multiple active operating areas. The complexity of the site, combined with ongoing mining operations and stringent MSHA safety requirements, made dismantling the plant a highly specialized undertaking. In 2016, the ownership group established a firm deadline to completely remove the facility, including all equipment, structural steel, concrete foundations, pedestals, and footings, while maximizing the value of the plant's remaining assets. Phoenix Equipment was selected to execute the project. The Challenge This project required far more than conventional demolition. The successful contractor needed to: Safely dismantle a complex industrial processing plant located within an active mining operation. Operate under strict MSHA regulations without disrupting adjacent production facilities. Recover maximum value from more than 100 pieces of specialized mining equipment. Coordinate the removal of several miles of elevated conveyor systems spanning multiple operating areas. Complete the project safely while meeting an aggressive project schedule. Phoenix Equipment's combination of industrial dismantling expertise, global equipment marketing capabilities, and proven safety performance made us uniquely qualified for the assignment. Why Phoenix Equipment Was Selected Phoenix Equipment had previously completed a successful transaction at the Green River site, purchasing and relocating an entire sodium cyanide plant for reuse. That experience established confidence in our ability to safely execute complex projects while maximizing asset recovery. Following a competitive bidding process, Phoenix Equipment was awarded the BMT dismantlement project because we: Offered the highest overall equipment and salvage value to Tronox. Demonstrated extensive experience working in active MSHA-regulated facilities. Developed a comprehensive asset recovery strategy designed to maximize resale value. Provided complete turnkey project management from dismantling through equipment sales and scrap recycling. Asset Recovery Strategy Rather than viewing the facility as scrap, Phoenix Equipment recognized the significant market value of the nearly new processing equipment. Before dismantling began, our sales and marketing team launched an international marketing campaign targeting mining companies, mineral processors, and industrial buyers seeking high-quality used equipment. This proactive approach enabled Phoenix Equipment to: Sell numerous pieces of equipment directly from the operating site. Carefully dismantle and preserve equipment for relocation. Transport remaining assets to our storage facilities for continued marketing and resale. Significantly increase the total return generated from the project. By combining industrial dismantling with equipment remarketing, Phoenix transformed a demolition project into a comprehensive asset recovery program. Equipment Successfully Recovered Phoenix Equipment safely dismantled, rigged, and removed more than 100 pieces of process equipment, including: (2) Williams DF-85 Fluid Bed Roller Mill Systems (2) Tomra Commodas Ultrasort Pro Secondary XRT C1200 Sorters General Kinematics STM 96x2 Single Deck Vibratory Screener McLanahan Double Roller Crusher (Model BDDR2448007) McLanahan Apron Feeder (48" x 17'6") Gundlach Roll Crusher Several miles of elevated conveyor systems Numerous material handling systems, structural components, and ancillary process equipment Every piece was evaluated for resale, relocation, or recycling to maximize value recovery. Safe Dismantlement Execution Phoenix Equipment coordinated all dismantlement activities through experienced subcontractors while providing complete project oversight and management. Over approximately 10 months, the team safely completed all dismantling operations without a single injury or safety incident. Work included: Equipment rigging and removal Structural steel dismantling Process plant demolition Conveyor removal Concrete foundation demolition Scrap processing and recycling Site cleanup and restoration Maintaining an outstanding safety record while working inside an active mining operation was one of the project's greatest accomplishments. Project Results Asset Recovery 100+ pieces of process equipment recovered 3,500+ tons of carbon steel recycled Millions of dollars in equipment remarketed for reuse Equipment sold both directly from the site and through Phoenix Equipment's global sales network Dismantlement Complete plant dismantlement Removal of all foundations and footings Miles of conveyor systems removed Zero recordable injuries or incidents Project completed safely and on schedule Phoenix Equipment's Advantage Industrial plant closures don't have to end with demolition and scrap. Phoenix Equipment specializes in maximizing the value of industrial assets by combining: Industrial plant dismantling Global equipment remarketing Asset recovery consulting Rigging and heavy lifting Scrap management Turnkey project execution Our approach consistently delivers higher returns than demolition alone by identifying resale opportunities before dismantling begins. Whether it's a mining operation, chemical plant, refinery, power facility, or manufacturing plant, Phoenix Equipment helps owners recover maximum value while executing projects safely, efficiently, and on schedule.

Omnova Solutions closed its Calhoun, GA plant that produced styrene butadiene latex materials for the carpet and paper markets and intended to convert the site to a terminal operation. The processes, buildings and equipment that were shutdown and needed to be removed where scattered throughout the site and in close proximity to buildings and equipment that would remain as part of the continuing terminal operation. Certain equipment, such as boilers, compressors and spiral heat exchangers were inside buildings that would be converted to storage space and remain.  The main pipe racks would remain in sections, however, dead lines had to be carefully removed from the pipe racks. Asset Recovery / Sales Plan Phoenix Equipment was awarded the contract to dismantle the plant based on our ability to reduce the cost to Omnova by offering significantly more that scrap value for the redundant machinery and equipment.  Phoenix safely dismantled and rigged out at its own expense over 35 pieces of process equipment for resale, including: (3) 10,000 Gal SS Clad Reactors, rated 400 psi internal and 80 psi on the jacket, weighing over 50,000 lbs • (2) 7,000 Gal SS Reactors, rated 150 psi internal and 150 psi on the jacket, weighing over 35,000 lbs •  Butadiene Distillation System, Built 2008  • (2) 800 HP Cleaver Brooks Boilers, 200 #, Built 2007 • (2) 50,000 Gal Horizontal Pressure Tanks • (10) SS tanks ranging from 3.000 gallon to 20,000 gallon • Vertical and Horizontal Stainless Steel and Carbon Steel Shell & Tube Heat Exchangers. Asset Recovery Summary 35+ Pieces of Process Equipment 250,000 lbs+ of Non-ferrous material 1500 Ton+ of Carbon Steel Dismantlement Work Our 8 person crew spent five months at the Georgia plant to safely perform the project without any injury or incident.  Phoenix utilized a Komatsu PC400 Excavator equipped with a shear, a Komatsu PC300 Excavator equipped with a grapple, various cranes ranging from 50 Tons to 250 Tons, various man-lifts, skid steer dozers and forklifts.  Our crew worked with the plant’s employees to time our operations in the plant’s active areas. Dismantlement Summary Equipment Rigging Plant Dismantlement and Demolition Scrap Recycling

Sanofi closed its Advanced Pharmaceutical Intermediates (API) Pilot Plant for business reasons in 2010 at its Bridgewater, NJ site.  In 2011, Sanofi also announced it would shutter the entire site and began planning to market it for sale as a business campus.  In line with selling the site as a business campus, Sanofi felt that removing the API plant and building would enhance the overall campus’s marketability. Sanofi obtained several proposals to simply demolish the building with price tags in excess of $1,000,000.  However, Phoenix was able to offer a significant payment to Sanofi and convert the plant area to a greenfield at no cost to Sanofi.  We purchased the assets in April 2012 and safely completed the scope of removal work by October 2012.     Our Solution Asset Recovery Summary Phoenix Equipment paid Sanofi for the plant and equipment and performed all removal and dismantlement work at no cost.  We were able to do this by leveraging our ability to purchase and resell process equipment.  Phoenix safely dismantled and rigged out at its own expense over 100 pieces of process equipment for resale, including: (13) Hastelloy Reactors, (9) Glass Lined Reactors, (3) Filter Dryers, (13) Hastelloy Heat Exchangers/Condensers, (3) Centrifuges, (4) Shelf Dryers, (12+) Sparkler and Nutsche Filters, (5) Milling Systems (10) Temperature Control Units, (10+) Tanks, (4) Chillers, (10+) Lab Equipment, and (10+) Scales.   100+ Pieces of Process Equipment 250,000 lbs+ of Non-ferrous material 1500 Ton+ of Carbon Steel Dismantlement Summary Total Plant Demolition Equipment Rigging Scrap Recycling   In addition to equipment removal and building demolition, Phoenix offered a turn-key demolition service as part of our acquisition that included the following: Geographical Survey, Disconnects and Utility Safe-offs, Electrical Terminations, Testing of Masonry Materials, Extermination, Soil Erosion Control and Landscaping.  Our 8 person crew spent six months at the NJ plant to safely perform the project without any injury or incident.  Phoenix utilized a Komatsu PC400 Excavator equipped with a shear, a Komatsu PC300 Excavator equipped with a grapple, various cranes ranging from 65 Tons to 500 Tons, various man-lifts, skid steer dozers and forklifts.  Our crew worked with the plant’s employees to time our operations in the plant’s active areas.

Sunoco Chemical closed its aniline plant in 2001 due to changing markets.  The aniline plant was located within a larger facility that still operated several other chemical process plants.  As part of a corporate initiative to exit non-core businesses, the entire site was put up for sale.  However, prior selling the entire site, our client wanted to remove all assets associated with the non-operating portions of the site, which included the aniline plant as well as a thermal oxidizer area, boiler area, exhaust stack area and boneyard.   Our Solution   Asset Recovery / Sales Plan Phoenix Equipment paid Sunoco for the plant and equipment and performed all removal and dismantlement work at no cost to Sunoco.  Phoenix Equipment was able to pay Sunoco and perform the entire scope of dismantlement and environmental work by leveraging our ability to purchase and resell chemical process equipment far beyond inherent scrap value.  Phoenix safely dismantled and rigged out at its own expense over 45 pieces of process equipment for resale, including: (4) 90,000 gallon bullet tanks - 250 psi; Multi-Stage Pfaulder Wiped Film Evaporator System; Ammonia Recovery System; Riley Stoker Boiler System; Callidus Technologies Thermal Oxidizer System; (2) Stainless Steel Scrubbing Systems; Stainless Steel and Carbon Steel Packed and Tray Columns; (25+) Vertical and Horizontal Stainless Steel and Carbon Steel Shell & Tube Heat Exchangers.   Asset Recovery Summary 45+ Pieces of Process Equipment 1,000,000 lbs+ of Non-ferrous material 2500 Ton+ of Carbon Steel   Dismantlement Work The various areas removed in our asset recovery work at the plant presented numerous problems which had to be solved safely and economically by our company. The Aniline Plant covering over 80,000 square feet of space had been shut down over 10 years ago, including the closure of water and chemical sewers in the area.  The plant records showed that the equipment and piping had been cleaned but an Alumina pellet catalyst might remain in two reactors and residue might remain in several heat exchangers.  Phoenix could not verify the extent of the areas clean-up operation from 10 years prior so we set-up an equipment/piping clean-up area within the Aniline Area, set up water to the clean-up area, and we connected the clean-up area to the active chemical sewer in an adjacent active area. Using appropriate PPE, our workers performed line breaks of the piping at the equipment connections and low points, moving the equipment (i.e. columns, heat exchangers, etc.) and piping to the clean-up area as necessary.  The two reactors in the Aniline Area did contain Alumina catalyst which we had tested.  Through our contacts, we were able to find a recycler for the catalyst instead of expensive landfilling saving significant money. The four 90,000 gallon bullet tanks we removed were in a diked area surrounded by soft earth.  Our PE designed a cost effective dunnage system allowing our crane to sit close enough for safe and economical lifts. The area housing the Riley-Stokes Boiler system also contained a 150’0” high column to be removed.  The area was surrounded by elevated active pipe bridges and an active tank storage area.  Sparks emanating from our cutting operations had to be minimized.  Phoenix devised a system to contain the sparks and using a man-lift and a 300 Ton crane we dismantled the column. The Thermal Oxidizer was located beneath a remaining steel structure which supported active equipment and piping. The Oxidizer had to be sectionalized and carefully removed. Our 10 person crew spent seven months at the Ohio plant to safely perform the project without any injury or incident.  Phoenix utilized a Komatsu PC400 Excavator equipped with a shear, a Komatsu PC300 Excavator equipped with a grapple, various cranes ranging from 65 Tons to 500 Tons, various man-lifts, skid steer dozers and forklifts.  Our crew worked with the plant’s employees to time our operations in the plant’s active areas.   Dismantlement Summary Process Equipment and Piping Rinsing Catalyst Recovery Equipment Rigging Plant Dismantlement and Demolition Scrap Recycling