Lakeview Energy which owns Three Rivers Energy said the biorefinery was set to reopen later this summer.
Three Rivers Energy started as the Coshocton ethanol plant in 2008, but it shutdown after 10 months.
CE Acquisitions, a partnership of Lakeview Energy and Crestwood Energy of Illinois, acquired the biofuels refinery in 2013.
It previously produced ethanol, distillers grains to feed livestock and corn oil.
The plant shut down in October 2019 due to an unsure corn crop and policies of the Donald Trump presidential administration hurting the industry.
Then in July last year, company CEO Jim Galvin said the COVID-19 pandemic derailed its reopening plans. The plant once employed 40 workers and a few employees were kept to monitor and maintain the plant.
Lakeview recently announced the closing of a $50 million (€41 million) capital partnership with Orion Energy Partners to fund process upgrades at the Coshocton biorefinery.
The investment will provide energy savings to Lakeview and support a long-term offtake agreement with a producer of hand sanitiser and other hygiene products.
Under this strategic arrangement, Lakeview will supply the company with low carbon US Pharmacopeia (USP) grade ethyl alcohol for use in its various product lines.
Popular News Stories
LATEST VIDEOHow sustainable aviation fuel (SAF) is making its way in the aviation sector