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Nebraska ethanol plant sold to ND company

O'NEILL, Neb. (AP) -- An ethanol company's plant in northeast Nebraska has been sold at a public auction to a North Dakota-based company.

Radio station KBRX reports NEDAK Ethanol's Atkinson plant was sold for $22 million Tuesday at the Holt County Courthouse in O'Neill.

The station reports Choice Ethanol Holding of Fargo, N.D., bought the plant as the only bidder.

It is unclear what will happen to the plant or to the company.

The plant uses approximately 19 million bushels of corn a year, and produces approximately 51 million gallons of denatured fuel-grade ethanol.

The company temporarily stopped production last May to monitor the corn and ethanol markets.