Mercuria Investments has completed the purchase of all equity interests in Noble Americas South Bend Ethanol (NASBE) from Noble Americas Corp. Following the acquisition, NASBE was renamed to South Bend Ethanol (SBE).
SBE currently operates at approximately 65 million gal./yr of ethanol production capacity. The plant has been operational since ICM Inc. completed retrofits at the facility in 2015. In addition to ethanol, SBE also produces dry distillers grains, corn oil and carbon dioxide that is sold to a local company.
Mercuria plans to spend up to US$30 million to expand production capacity by 50%, to approximately 100 million gal./yr. The company plans to replace boilers and fermenters, modify the clean-in-place process, and install a new beerwell, heat exchangers, tricanter, dryer, centrifuge and oil separation process.
“Mercuria is pleased to invest in, and is strongly committed to, SBE,” said Brian Falik of Mercuria. “We believe in the long-term viability of ethanol and the value it brings to the American farmer, while providing a cheap, clean burning fuel to the world.”
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/11012018/mercuria-completes-purchase-of-noble-americas/