Dixie Pellets Assets Sold

How much money did Dixie raise in the sale? The bulk of the money was raised from the sale of the plant. Zilkha Biomass Energy of Houston, a company that develops small-scale combined heat and power projects using its Zilkha Biomass Unit, purchased the facility for $6.25 million. No report on what Zilkha plans for the site or the equipment. Also included in the sale were 10 barges, which sold to BKM Holding LLC for $3.8 million and a tugboat that sold for $30,000.

In total, the $10 million raised in the bankruptcy sale will not go far. Dixie Pellets’ current debt includes over $35 million in claims from creditors, $188,000 in property taxes, plus undisclosed amounts for attorneys’ fees and other recovered charges allowed under bankruptcy law.