Business
Online Marketplace AllSurplus Partners with Aaron Industrial Solutions to Sell Unused Ethylene Plant Components for Major Engineering Firm
Majority of Assets Across Dozens of Categories Manufactured in 2021 and 2022 BETHESDA, Md., March 03, 2023 (GLOBE NEWSWIRE) -- Liquidity Services
About this update from Liquidity Services, Inc.
[{"type":"text","content":"Majority of Assets Across Dozens of Categories Manufactured in 2021 and 2022\nBETHESDA, Md., March 03, 2023 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ:LQDT), a leading global commerce company powering the circular economy, has partnered with Aaron Industrial Solutions (AIS), a global equipment auction, liquidation, and asset management company, to sell unused components from a Linde Engineering ethylene plant on AllSurplus.com, the world’s leading online marketplace for business surplus assets. The sale will take place over the course of a year and encompass a wide range of asset types across numerous industrial sectors, with items located in 17 countries spanning three continents. “This is a rare opportunity for a company that needs inventory and equipment to ramp up their ethylene production,” said AIS Managing Director Peder Grimstrup. “Not only are prices below market value for new equipment, it could otherwise take as much as 18 months to receive orders on newly manufactured items ordered today because of supply chain disruptions. Extending the lives of these unused items also eliminates the need to extract additional natural resources to manufacture new materials.” Ethylene plants, known as steam crackers, are large, complex units at the heart of petrochemical complexes which produce the important building blocks of ethylene, propylene, butadiene, and aromatics from gaseous or liquid hydrocarbons. The ethylene plant has the capacity to produce 1.5 million tons of ethylene per year. “We’re excited to continue our partnership with Aaron Industrial Solutions to bring Linde the best opportunity to maximize their recovery value and free up capital for other projects,” said Liquidity Services’ Vice President, Business Development Trey Valentino. “Together, we’ve made buying easy by offering a bid online or make-an-offer sale format. The first lots are available now and we are currently accepting offers.” Online Auctions close at varying times. Current items include: 2360 qty unused 2022 Bernecker pipe support sliding and backing plates; Approx 395,000 qty unused 2022 Asia Bolt Industries hexagon machine screws, studbolts & U-bolts and 556 qty unused 2022 Hesterberg spring hangers and cans sizes 2”-168”. Make An Offer items include: 2 qty unused 2021 ABC Compressors 4EHA-4-LT 4 stage reciprocating air compressors; 2022 unused...