Noble Americas Corp. taking over former New Energy plant, hopes to open by early 2014
An ethanol plant in South Bend, Ind., is on its way to resuming ethanol production after being shut down in November 2012. Connecticut-based Noble Americas Corp. purchased the former New Energy Corp. plant during a bankruptcy auction in January and expects to restart ethanol production by early 2014.
The ethanol plant was the first one in Indiana when it opened in 1984. The South Bend Tribune reports the new owners expect the plant to have about 50 workers. It had 90 employees when it was owned by New Energy.