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Published September 17, 2010, 10:48 PM

Former Grafton ethanol plant to be sold at auction

Plant produced more than 10 million gallons of ethanol a year before operations were suspended in October 2007.

By: Associated Press, Associated Press

BISMARCK, N.D. (AP) — A former ethanol plant in Grafton will be put up for auction later this month.

Alchem Ltd. has been closed for almost three years. Steffes Auctioneers Inc. will handle the two-day auction of the property, fixtures and personal items that's scheduled to begin Sept. 28.

The Fargo-based auctioneer's website lists the property as having 11,000 square feet of buildings, which will be sold as is.

The facility opened in 1983 to manufacture potato flakes but converted to an ethanol plant two years later. It produced more than 10 million gallons of ethanol a year before operations were suspended in October 2007. At the time, Alchem's president, Harold Newman, cited the high cost of corn and low prices for ethanol as the reason for the closure.

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Online:

Steffes Auctioneers Inc.: http://www.steffesauctioneers.com/

Copyright 2010 The Associated Press.

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