South Bend ethanol plant declares bankruptcy - Fox 28: South Bend, Elkhart IN News, Weather, Sports

South Bend ethanol plant declares bankruptcy


South Bend's oldest ethanol plant has filed for bankruptcy.  New Energy submitted its paperwork in Federal court Friday.

According to court documents the company says the amount for which it can sell the ethanol it produces has been less than the corn it takes to make it since late 2011.

New Energy says last month the Department of Energy requested it sell its assets in bankruptcy.  The company has already taken several steps to get back on track, including making workforce and payroll cuts.

Powered by WorldNow

Fox 28

58096 County Road 7, South
Elkhart, IN 46517

Switchboard: 574.679.9758
News Phone: 574.679.4545
Station Fax: 574.294.1267

All content ©Copyright 2000 - 2014 WorldNow and WSJV. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service and Mobile Privacy Policy & Terms of Service.

Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Administrative Assistant Heather Stewart at (574) 343-5310. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at