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Shuttered ND ethanol plant might have new future

GRAFTON, N.D. (AP) -- A shuttered ethanol plant in the northeast North Dakota city of Grafton might reopen later this year.

An Iowa-based energy investment group has signed an agreement to buy the plant from a group called Northeast Energy LLC. Energae LP soon will be looking for North Dakota investors to refurbish the plant for an operation to turn sugar beets into the alternative fuel.

The Grafton plant first opened in 1985 to make ethanol from corn. The Alchem Ltd. plant closed in 2007 and was later sold at auction.