Ryze Renewables names winning, backup bidders for assets

By Sarah Lizee

Olympia, Wash., June 14 – Ryze Renewables II, LLC named Edgewood Renewables, LLC as the winning bidder for its assets following an auction held Monday, according to a notice filed with the U.S. Bankruptcy Court for the District of Delaware.

A joint bid from Savage Services Corp., Annevow LLC and Triten Renewables, LLC was named backup bid.

Terms of the bids were not disclosed in the notice.

The assets include the company’s existing biofuels refinery in Las Vegas. The refinery is about 40% complete and will likely be operational in about 18 to 24 months after the next construction phase starts, the debtor said.

The sale hearing is scheduled for June 20.

The Las Vegas-based renewable fuel producer filed bankruptcy on March 9 under Chapter 11 case number 23-10289.

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