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Alchem Ethanol LLP, a 10.5 MMgy in Grafton, N.D., will be closing its doors temporarily due to industry economics. Plant spokesman Rick Newman said the plant has stopped taking corn and has enough on hand to produce ethanol for two to three weeks before shutdown.
According to Alchem President Harold Newman, the high cost of corn and low price of fuel ethanol have caused unfavorable market conditions and will lead to the shutdown which will last until ethanol prices rebound. Although the shutdown is indefinite, company officials say they are hopeful the plant can reopen by the beginning of 2008.
