{"id":724734,"date":"2023-01-20T08:18:03","date_gmt":"2023-01-20T13:18:03","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/liquidity-services-completes-sale-of-hydrocracker-reactor-in-gwangyang-south-korea-on-allsurplus-com\/"},"modified":"2023-01-20T08:18:03","modified_gmt":"2023-01-20T13:18:03","slug":"liquidity-services-completes-sale-of-hydrocracker-reactor-in-gwangyang-south-korea-on-allsurplus-com","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/liquidity-services-completes-sale-of-hydrocracker-reactor-in-gwangyang-south-korea-on-allsurplus-com\/","title":{"rendered":"Liquidity Services Completes Sale of Hydrocracker Reactor in Gwangyang, South Korea on AllSurplus.com"},"content":{"rendered":"

\nRefinery Asset Sold to Major U.S. Renewable Energy Manufacturer
\n<\/h2>\n
\n

BETHESDA, Md., Jan. 20, 2023 (GLOBE NEWSWIRE) — Liquidity Services<\/a> (NASDAQ:LQDT), a leading global commerce company powering the circular economy, has successfully completed the sale of one of two unused, high-pressure hydrocracker reactors fabricated in 2010 by Kobe Steel Japan. The reactor, which has been stored under nitrogen purge at the Port of Gwangyang in South Korea, was sold through AllSurplus.com<\/a>, Liquidity Services\u2019 online marketplace for surplus business assets. The sale to a major renewable diesel manufacturer based in the United States was concluded in December 2022.<\/p>\n

\u201cOur client is very pleased to have been able to locate and purchase this unit at such a great price,\u201d said Liquidity Services\u2019 Vice President, Business Development Trey Valentino. \u201cDelivery of the hydrocracker unit will dramatically cut the amount of time they would otherwise have waited for a new factory order by 12-18 months, thus enabling the company to get their project underway more quickly.\u201d<\/p>\n

This type of reactor is used to produce salable products such as jet fuel, diesel fuel, gasoline, kerosene, naphtha, and biodiesel in a traditional oil refinery or in renewable biodiesel applications. Operating at high pressure and temperature, the reactor can also produce diesel and jet fuel from plant-based oils and waste cooking oils, making it a greener alternative to other fuels.<\/p>\n

The completed sale includes ancillary equipment, available data books, drawings, and technical data related to the assets. A similar second unit is available for sale on AllSurplus.com<\/a> providing the same opportunity for a buyer to deploy quickly and generate fuel without delay.<\/p>\n

\u201cThis reactor makes a powerful addition to our buyer\u2019s renewable energy program. It is very satisfying to know that this purchase saved them valuable time and resources,\u201d said Liquidity Services\u2019 SVP, Managing Director Capital Assets Nick Taylor.\u00a0<\/p>\n

Hydrocracker Reactor Features<\/p>\n

\n SOLD <\/strong>Unit 1 – 12\u2019 inside diameter X 80\u2019 t-t, 2755 psig @ 850F, chrome steel and vanadium with stainless weld overlay, built 2010 by Kobelco Steel Japan, ASME code and NB registered.\u00a0<\/p>\n

\n
\n AVAILABLE<\/strong>
\n <\/a> Unit 2 \u2013 12\u2019 inside diameter X 57\u2019 t-t, 2755 psig @ 850F, 2 1\/4Cr-1Mo-V steel w\/TP317L stainless steel weld overlay, built 2010 by Kobelco Steel Japan, ASME code and NB registered.\u00a0<\/p>\n

For further information, go to AllSurplus.com<\/a> or contact Trey Valentino at (832) 722-0288 or Trey.Valentino@liquidityservices.com<\/a>.<\/p>\n

\n About AllSurplus<\/strong>\u00a0
AllSurplus<\/u><\/a> is the world\u2019s leading marketplace for surplus business assets, ranging from heavy equipment to transportation assets and industrial machinery. AllSurplus is the smartest, fastest way to sell inventory and equipment as sellers can directly launch and manage their listings in just days with more control and lower fees than traditional auction solutions. AllSurplus is powered by one of the most experienced and trusted companies in the surplus industry, Liquidity Services (NASDAQ:LQDT), which has supported millions of customers across the globe. AllSurplus buyers have direct access to all the surplus assets across Liquidity Services\u2019 network of marketplaces in one centralized location.\u00a0<\/p>\n

\n About Liquidity Services, Inc.<\/strong>\u00a0
Liquidity Services<\/a> (NASDAQ:LQDT) operates the world\u2019s largest B2B e-commerce marketplace platform for surplus assets with over $10 billion in completed transactions to more than 4.9 million qualified buyers and 15,000 corporate and government sellers worldwide. The company supports its clients’ sustainability efforts by helping them extend the life of assets, prevent unnecessary waste and carbon emissions, and reduce the number of products headed to landfills.<\/p>\n

\n
\n Media Contact:<\/u>
\n <\/strong>
\n
Nancy Sloane\u00a0
Director, Brand and Integrated Marketing Communications\u00a0
Liquidity Services\u00a0
Nancy.Sloane@liquidityservices.com<\/u><\/a>\u00a0
(202) 558-6244<\/p>\n

A photo accompanying this announcement is available at https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/168d1e48-6aef-4af4-8887-133554e2f09a<\/a><\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Refinery Asset Sold to Major U.S. Renewable Energy Manufacturer BETHESDA, Md., Jan. 20, 2023 (GLOBE NEWSWIRE) — Liquidity Services (NASDAQ:LQDT), a leading global commerce company powering the circular economy, has successfully completed the sale of one of two unused, high-pressure hydrocracker reactors fabricated in 2010 by Kobe Steel Japan. The reactor, which has been stored under nitrogen purge at the Port of Gwangyang in South Korea, was sold through AllSurplus.com, Liquidity Services\u2019 online marketplace for surplus business assets. The sale to a major renewable diesel manufacturer based in the United States was concluded in December 2022. \u201cOur client is very pleased to have been able to locate and purchase this unit at such a great price,\u201d said Liquidity Services\u2019 Vice … <\/p>\n

Continue reading “Liquidity Services Completes Sale of Hydrocracker Reactor in Gwangyang, South Korea on AllSurplus.com”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-724734","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nLiquidity Services Completes Sale of Hydrocracker Reactor in Gwangyang, South Korea on AllSurplus.com - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/liquidity-services-completes-sale-of-hydrocracker-reactor-in-gwangyang-south-korea-on-allsurplus-com\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Liquidity Services Completes Sale of Hydrocracker Reactor in Gwangyang, South Korea on AllSurplus.com - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Refinery Asset Sold to Major U.S. Renewable Energy Manufacturer BETHESDA, Md., Jan. 20, 2023 (GLOBE NEWSWIRE) — Liquidity Services (NASDAQ:LQDT), a leading global commerce company powering the circular economy, has successfully completed the sale of one of two unused, high-pressure hydrocracker reactors fabricated in 2010 by Kobe Steel Japan. 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