South Bend ethanol plant has new owner, looks to reopen - Fox 28: South Bend, Elkhart IN News, Weather, Sports

South Bend ethanol plant has new owner, looks to reopen

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An ethanol plant that shut down last year, causing flooding and frustrations for neighbors, has a new owner and may be back up and running by the end of this year.

South Bend Mayor Pete Buttigieg's office announced Thursday that the former New Energy plant has been bought by Noble Americas South Bend Ethanol LLC (NASBE).  They plan to restart it in late 2013 or early 2014.

"Throughout this process, we have wanted to see this plant operated, not liquidated, employing residents in the new economy. We are optimistic the new owners of the former New Energy plant will work in the best interest of our community. The owner will take on operation of the pumps and is sensitive to the issue of nearby basements flooding. We're still working on the technical details and will have more information at the Public Works Committee meeting Monday afternoon," said the mayor in a written statement.

Residents near the plant were having flooding problems when the plant shut down.  The city has  kept a pump running at the plant for months to help residents dealing with the issue.

NASBE is a subsidiary of Noble Americas Corp, an energy marketing and trading company in Stamford, CT.  The plant is expected to employ fifty people.

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