The South Bend Ethanol Plant has a new owner.

Noble Americas South Bend Ethanol has been bought by Mercuria, and has been renamed simply “South Bend Ethanol.”

Noble Americas reopened the plant in 2015 after it was shut down when New Energy filed for bankruptcy. The plant produces ethanol, carbon dioxide, corn oil and dry distillers grains.

Mercuria plans to spend up to $30 million to make South Bend Ethanol more efficient and reliable, and improve production by half. The company says it is committed to South Bend, and will partner with local farmers.