A 32,000-square-foot structure on the southeast side of Louisville recently housing an advanced green hydrogen production facility is set to go to auction.
Located at 1797 Boxelder Street, the solid built reinforced concrete building was completed in 2001 and sits on a 1.2-acre site.
The structure formerly served as the home to the Intrex Aerospace company, but in recent years has served as a research and development facility for the business AquaHydrex, which has since entered bankruptcy proceedings.
AquaHydrex, which was founded in 2012, hoped to make green hydrogen as an energy alternative more economically feasible. The company’s mission was advertised as “creating disruptive innovations that will help the world to achieve a clean and sustainable future.”
After operating at the Boxelder Street building for several years, AquaHydrex last October filed for Chapter 7 bankruptcy protection in the Denver-based District of Colorado’s bankruptcy court.
Now an online auction is scheduled to be conducted on January 18 by Tiger Liquidity Services Energy Partners, based in Houston, and will uniquely include a host of high-tech machinery and equipment.
In a statement, Chad Ferrell, managing director for the Tiger company, noted that AquaHydrex “had acquired a wide array of highly desirable laboratory, research and development, and test and measure equipment, making this online bankruptcy auction a strong opportunity for buyers in multiple sectors.”
That equipment includes autoclaves, environmental chambers, vacuum-tube furnaces, and electron microscopes. Also a part of the auction: lab scales, mixers, fume hoods, and spraying systems.
Perhaps even more valuable, AquaHydrex’s intellectual property, its blueprints, patents, and proprietary tooling will additionally be subject to auction.
Interest in the auction thus far appears keen. Muthana Al-Najjar, a reporter for BNN Breaking News, recently wrote: “The anticipation surrounding this sale intensifies.”
The value of the overall property has earlier been listed as being more than $7.1 million.
By Garry Boulard
