Borchart buys idled ND ethanol plant for $525K

In North Dakota, the Grand Forks Herald has reported that the former  Alchem ethanol plant in Grafton has been sold to Jim Borchart, owner of Borchart Steel, for $525,000.

Borchart, who has previously bought and sold four ethanol plants, said that he would make a decision early in the new year about restarting the plant, but warned that the plant might be repurposed to support production of other products.

“We do this all the time, update equipment and reconfigure it to make it usable for another product,” he told the Herald. The plant was built for the food industry in 1983 but was converted to a 10 Mgy ethanol plant in 1985 before closing in 2007.

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