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Scott Steffes auctions off the Alchem ethanol plant on Wednesday morning in Grafton, N.D. The plant sold for $525,000. Herald photo by Sarah Kolberg.

Former Grafton, N,D. ethanol plant sells for $525,000

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GRAFTON, N.D. -- The former Alchem Ltd. Ethanol plant was sold at auction Wednesday for $525,000, just a fraction of the millions of dollars invested in the operation since it opened a quarter-century ago.

But whether the plant, which has been closed since October 2007, ever reopens may not be known until spring.

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