Greater Ohio Ethanol Plant Sold

An ethanol plant in Lima, Ohio has been granted a new lease on life with the approved sale of the bankrupt facility to a new owner.

Greater Ohio EthanolAccording to a story from the Lima News, the U.S. Bankruptcy Court for the Northern District of Ohio gave final approval this week for the sale of Greater Ohio (GO) Ethanol to Paladin Capital Group. The company reportedly intends to re-open the closed facility and operate it as a working ethanol plant.

Greater Ohio Ethanol began production last July and filed for bankruptcy protection less than five months later.

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