September 30, 2010

Former Alchem Ethanol Plant Sells For $525,000

The former Alchem ethanol plant in Grafton, ND sold yesterday at auction for $525,000. Jim Borchart, owner of Borchart Steel Inc. was the winning bidder.

It’s still unclear what Borchart will do with the 10.5 MMgy plant, which has been sitting idle for years. He intends to winterize it and make a final decision this March or April, he said. One possible option is that he will sell off the equipment, piece by piece. Or, he’ll modernize and streamline the plant and then restart it.

Source : Ethanol Producer Magazine

See Also :
Former Alchem Ethanol Plant To Be Auctioned

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