Randy Cole '83 Brings New Business to Indiana
by Tom Runge
November 28, 2005
ForeverGreen Enterprises Inc., today announced plans to construct a new high-technology hydrogen production facility in Dekalb County with the support and assistance of the state of Indiana through the Indiana Economic Development Corporation (IEDC). This new facility will provide employment for 150 Hoosiers.
Randy Cole '83 is co-founder and Chief Value Development Officer (CVDO) of ForeverGreen.
"The addition of a hydrogen plant in Indiana is a big win for Hoosiers," said Indiana Governor Mitch Daniels. "This plant will add jobs to our state,prompt the purchase of hydrogen from a local producer, and create an environmentally friendly way to dispose of harmful waste materials."
Cole expects ForeverGreen's production capabilities to induce the development of a hydrogen business cluster in the surrounding area, where a high demand for hydrogen already exists.
"Now, we'll produce the hydrogen here, creating many jobs and stabilizing thousands of others," Cole said. "It's a major victory for my home state, and that's why so many here are working to help us to get up and running."