Further Expansion In North America'S Bioenergy Market: Verbio Acquires South Bend Ethanol

Verbio North America Holdings Corporation announced today the signing and closing of a purchase agreement with Mercuria Investments US, Inc. to acquire South Bend Ethanol, LLC, an operating ethanol plant located in South Bend, Indiana. As a global leader in the renewable energy industry, this will be Verbio`s second US production facility following the successful commissioning of its Nevada, IA plant. Verbio intends to subsequently expand and develop the plant into a modern biorefinery at an estimated total investment of $230 million.