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South Bend Ethanol Plant Upgrades, Expansion Planned (Ind. Report)
Mercuria Investments US Inc
Date: 2018-01-31
Following on our January 12 coverage, Japan-based Mercuria Investments US Inc. reports it will expand ethanol production at its recently acquired South Bend Ethanol LLC. -- formerly known as Noble Americas South Bend Ethanol LLC.
Mercuria purchased the 102 M Mgy. plant from a subsidiary of Noble Group Ltd. in December, 2017, for $18.1 million.
The plant currently operates at a capacity of approximately 65 MMgy. The company plans to spend up to $30 million to improve efficiency and reliability and to expand production capacity to approximately 100 MMgy, according to a release. (Source: Mercuria, PR, Jan., 2018) Contact: Noble Group, +852 2861 3511, (713) 244- 0560 -- Houston Office, www.thisisnoble.com; Mercuria Investments, info@mercuria.jp, www.mercuria.jp/english
More Low-Carbon Energy News Mercuria Investments US Inc,
Mercuria Completes South Bend Ethanol Facility Acquisition (M&A)
Mercuria Investments ,Noble Americas South Bend Ethanol
Date: 2018-01-12
Japan-headquartered Mercuria Investments US Inc. reports it has completed its acquisition of Noble Americas South Bend Ethanol LLC,. and renamed the facility South Bend Ethanol LLC. Mercuria notes it plans to invest up to $30 million to improve efficiency and reliability at the facility, as well as expand production capacity from its present 65 million gallons gpy to 100 million gpy. Terms of the acquisition have not been fully divulged.
(Source: Mercuria , InsideIndiana, 11 Jan., 2018)
Contact: Noble Group, +852 2861 3511, (713) 244- 0560 -- Houston Office,
www.thisisnoble.com; Noble Americas South Bend Ethanol, (574) 703-3760,
www.southbendethanol.com; Mercuria Investments,
www.mercuria.jp/english
More Low-Carbon Energy News
Mercuria Investments ,
Noble Americas South Bend Ethanol,
Ethanol,