Tiger Group's Remarketing Services Division and Aaron Equipment Company Inc. will auction off the assets activated carbon processing facility and a biomass power plant here formerly owned by Big Island Carbon LLC. in Hawaii, by order of the U.S. Bankruptcy Court.
"Most of the equipment was installed new between 2009 and 2011 and has extremely low usage," said Jeff Tanenbaum, President of Tiger Remarketing Services.
More than $40 million was invested in the Big Island plant. However, funding was cut off before the plant could begin full production. Developer Denham Capital Management filed for Chapter 7 bankruptcy in November 2012.
The live auction and webcast will place at the Waikoloa Beach Marriott on June 17. The webcast can be accessed through bidspotter.com.
Assets include: process equipment, plant support equipment, buildings, maintenance and shop equipment, lab and test equipment, and electrical equipment.
For a detailed description off the assets available for auction, click here.
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