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Hankinson ethanol plant to reopen under new ownership

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The idled Hankinson, N.D., ethanol plant has been sold, and the new owner plans to reopen it as soon as Saturday.

Murphy Oil, based in El Dorado, Ark., said Thursday that it's buying the corn-based plant for $92 million.

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The company plans to invest an additional $15 million in working capital into the plant, which can produce up to 110 million gallons of ethanol annually.

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