Who we are
Wert-Berater, Inc. has prepared independent feasibility studies for lenders, certified development companies, and federal agencies since 1998 — more than four thousand engagements representing $40.2 billion in evaluated project value across all fifty states and international assignments. Our fiduciary duty runs to the lender and the agency, never to the sponsor’s optimism: fees are fixed, quoted up front, never contingent on findings, and a determination is never changed under pressure.
What we do
Downstream feasibility turns on crack-spread economics and utilization: the margin between feedstock and product slates, the plant's competitive position against regional supply, logistics access on both the inbound and outbound side, and the regulatory and turnaround capital that the operating model must carry. Smaller-scale fuels production — blending, lubricants, asphalt — is evaluated on niche-market capture and contract quality.
How we do it
Methodology combines EIA margin and utilization series, regional product supply-demand balances, logistics cost analysis, and engineering capital estimates independently benchmarked. The model carries margin sensitivity as the primary stress axis, with coverage tested at conservative spreads.
How we can help you
Oil, gas, and heavy-industrial projects reach us through conventional and institutional lending most commonly, with USDA B&I applicable to qualifying rural energy and processing assets and SBA programs serving owner-operator support businesses; each study is prepared to the corresponding compliance standard, with environmental and regulatory conditions precedent stated plainly. The firm's energy and fuel-infrastructure record spans travel centers, fuel terminals-adjacent retail, and industrial projects nationwide, prepared with the same fully linked models and stress discipline as every Wert-Berater engagement.
How to engage us
Standard delivery is 10 to 15 business days from complete project data. Rush delivery for deals already in underwriting is accepted case by case for an additional fixed fee, quoted up front and committed in writing. Engagements are typically initiated by the borrower, with lender or CDC confirmation obtained before work begins — institutions differ, so confirm the procedure with your lending contact.