You're probably asking for how to accomplish this without an e-bow. If that's not the case and you already have an e-bow, here's my approach:
I played this song with my band last week. The e-bow adds a lot of grit to the sound on it's own. I used my edge of breakup DC30 patch with just a compressor and some heavy delay + reverb and an ambient effect (using the multidelay block. actually it's copied directly from a preset from simeon's delay blocks collection). On it's own, it's a relatively clean. I think I have the gain at 12 o'clock on the DC30.
Doesn't sound exactly like the record, but it's kind of in the same vein
Here's a clip from a room mic + board feed from the gig. Please forgive the sloppy e-bowing. I just got my e-bow the day before and hadn't gotten the technique down. I know I'm playing it wrong too.