Ethanex Energy Inc., formerly New Inverness Explorations Inc., has announced the closing of a stock-for-stock merger with Ethanex Energy North America, Inc.

The combined company will operate under the name Ethanex Energy Inc. and will assume and execute Ethanex Energy North America’s renewable energy business plan as its sole business.

Ethanex Energy is a developer, owner and operator of ethanol plants and marketer of ethanol and its co-products.