Brayton Point completes offshore wind port upgrades
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Over the past 18 months, Brayton Point has transformed from the largest coal-fired power plant in New England to an international marine terminal and platform for sustainable development. Today
Brayton Point Commerce Center
is open for business, having completed upgrades to support heavy-lift port operations and receive deep-draft vessels at the site.
To date, Brayton Point Commerce Center has received a total of nine (9) vessel calls including offshore wind research vessels, yacht transporters, bulk carriers and tug and barge units. This demonstrated ability is of particular interest to sectors relying on marine commerce and transportation, such as offshore wind, global logistics, and manufacturing.
Demolition of the power plant has progressed to final stages across most of the site. This spring, the site will be regraded to prepare laydown and manufacturing areas for future tenants. The grading plan is designed in accordance with the offshore wind industry requirements for a marshalling port and manufacturing of offshore wind components.
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āOur crews have safely deconstructed and removed 1.5 million square feet of former power plant infrastructure. We now have a blank canvas to create a platform for new development as the site matures into Brayton Point Commerce Centerā said Russ Becker, President of EnviroAnalytics Group.
CDC is currently engaged in discussions with prospective tenants including manufacturing, logistics, offshore wind, and other sectors. For information about lease opportunities, please contact Steve Collins at 314-835-2835 or
scollins@cdcco.com
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Redevelopment Update
Former power plant completes offshore wind port upgrades
ELT Remote Meetings & COVID-19 Response
Chemical Plant Liquidation
Redevelopment of Coal-Fired Power Plants and Other Industrial Assets
Area Development
Redevelopment of Industrial Real Estate, Power Plants
ELT Acquisition Criteria
Seeking Environmental Liabilities & RE Assets in All Sectors
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ELT Remote Meetings & COVID-19 Response
In this unprecedented time of global disruption, we would like to express
our sympathies to those impacted by the COVID-19 virus ā both physically and economically. Like you, we are practicing social distancing to prevent the spread, and hopeful a global solution is forthcoming.
At ELT, our team has mobilized remotely and our acquisition criteria and redevelopment goals are still intact. We will continue to aggressively pursue the purchase of industrial assets of any size and in any condition. For distressed assets, we will continue to provide the transfer of environmental liabilities with robust indemnifications and guarantees found nowhere else in the market.
If you have an industrial asset or environmental liability you would like considered by ELT, our acquisitions team is set up remotely and fully prepared to engage today. Please contact us for a confidential and no-cost value proposition.
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Online Auction: Former Fibrant Chemical Plant Liquidation
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Industrial Asset Recovery Group (IARG) is planning a series of liquidation events featuring surplus machinery and equipment from the former Fibrant chemical plant and 600-acre industrial complex in Augusta, GA.
Beginning April 23, 2020
, IARG
will feature
Fibrantās enormous inventory of surplus industrial trucks, mobile equipment, lab and testing equipment, electrical components, MCC banks, machine shop tools and fabrication equipment and much more. To review the first stage of inventory, please
click here
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FIBRANT LIQUIDATION
FEATURING
Industrial Trucks & Mobile Equipment
Laboratory and Testing Equipment
Fire/Personal Safety & BRM (Blast Resistant Module)
MRO - Tooling & Parts
Machinery & Equipment
Electrical Components
Field Installed Mounted Relays
Pumps and Motors
Office Furniture & Equipment
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In September 2019, ELT announced the acquisition of the 600-acre complex and the transfer of environmental liabilities.
Read More Ā»
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Redevelopment of industrial real estate, coal-fired power plants
by Kerry Smith, Area Development Magazine
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According to the U.S. Energy Information Administration (EIA), coal plants with a combined total of more than 15,100 megawatts ceased operating nationwide last year ā enough to power 15 million homes, and second only to the number of megawatts retired during 2015. The reasons behind these closures are many: decreasing wholesale prices, competition from comparatively cheap and plentiful alternate energy sources such as natural gas, subsidized solar and wind energy, continued compliance with federal energy regulations, and public concern over coalās effect on climate change.
"CDC is actively targeting industrial real estate, including power plants, for purchase and redevelopment, said
John Kowalik
. CDC has purchased seven retired coal-fired power plants since 2014, representing more than 3,700 megawatts of retired generation capacity. āAnd as energy markets continue to embrace more efficient and renewable technologies, we expect significantly more acquisitions over the next few years,ā Kowalik said.
Once a power plant closes, beyond the job losses and tax revenue losses, the environmental impact from historic plant operations still needs to be resolved. Thatās where CDC steps in. āWithout a buyer willing to take the risk, old shuttered power plants could remain in a perpetual state of decay and deterioration,ā he explains. āThatās not a good scenario for the utility or the surrounding community.ā
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ACQUISITION CRITERIA
Seeking
Industrial Real Estate Assets and/or
Environmental Liabilities
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ELT has successfully assumed nearly $2 billion USD in corporate environmental liabilities for clients - and has never defaulted on an obligation or given a site back to the seller/PRP. Additionally, over 90% of ELTās assumed liabilities have achieved final environmental milestones or are in the last stages of regulatory closure. This experience is critical when choosing a partner for environmental liability management.
If distressed real estate and liabilities are impacting your operations, transactions, or balance sheet, please contact us for a confidential discussion.
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ELT's core offering includes:
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- Environmental Liability Transfers
- Brownfield Real Estate Purchase
- Liability Transfer + RE Purchase
- Guaranteed Cost Certainty
- Corporate Indemnification
- Maximum Value for Retired Assets
- Transfer of Regulatory Obligations
- Transfer of Post-Closure Obligations
- Sustainable Redevelopment Planning
- Sale / Leaseback Options
- Preservation of Legacy & Brand
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Environmental Liability Transfer, Inc. (ELT), along with four distinct affiliate companies under common ownership, have become one of the most impactful brownfield redevelopment and environmental remediation and consulting firms in North America.
By leveraging the core competencies of its affiliate partners, ELT now has the ability to consolidate multiple elements of brownfield redevelopment into ONE comprehensive value proposition - Real Estate Purchase, Environmental Liability Assumption, Fixed Price Environmental Remediation, Demolition, and Liquidation Services.
For more information on ELT or our affiliates, please visit our websites (right) or download ELT's
Brownfields Brochure
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For more information about anything in this newsletter or to schedule a confidential discussion regarding your environmental liabilities or brownfield properties, please contact us.
John Kowalik
Phone: (314) 229-3740
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