Former Grafton Ethanol Plant Sold at AuctionA former ethanol plant in Grafton has sold at auction for $525,000.
By: Associated Press, WDAZ
Former ND ethanol plant sold at auction
BISMARCK, N.D. (AP) - A former ethanol plant in Grafton has sold
at auction for $525,000.
The Grand Forks Herald reports that the Alchem Ltd. plant was
sold on Wednesday to Jim Borchart, owner of New Germany,
Minn.-based Borchart Steel Inc.
The plant's new owner said a decision on whether to reopen the
plant or convert it to another use won't be made until next year.
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.