The New Energy ethanol plant in South Bend, Ind., which filed for Chapter 11 bankruptcy protection in November, is slated to be sold in a court-ordered auction Thursday, said Russ Abarr, the company's president. "We have a long history of production, so it's a proven facility," Abarr said. "That plant is much more efficient than it was when it opened in the 1980s. I wouldn't discount it just because it's old," said Bob Dinneen, president and CEO of the Renewable Fuels Association.

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