Alchem ethanol plant in North Dakota shuts down: low ethanol prices blamed

The Alchem ethanol plant in Grafton, ND to shutting down due to low ethanol prices. Alchem makes about 10.5 million gallons of ethanol a year and 33,00 tons of livestock feed, using about 3.8 million bushels of corn.

Last week, an article in the Wall Street Journal said financing for new ethanol plants is increasingly difficult, with cancellations and delays becoming a norm, while a partner at Baker & McKenzie described some plants as “under death watch”

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