ADM plans to build a new soybean crushing facility that will have the capacity to process about 150,000 bushels of soybeans per day.
The company will invest $350 million to build a soybean crushing facility near Spiritwood, N.D. It's expected to be complete prior to the 2023 harvest and is positioned “to access both domestic and global markets for soybean oil and meal,” the company noted in a release.
“This exciting new project allows us to partner with North Dakota farmers to further advance the role of agriculture in addressing climate change through the production of low-carbon feedstocks for products such as renewable diesel,” Greg Morris, president of ADM’s Ag Services and Oilseeds business, said.Interested in more news on farm programs, trade and rural issues? Sign up for a four-week free trial to Agri-Pulse.
“We’re pleased that this new plant will be open in 2023, as it will provide a significant new market for North Dakota soybean growers, while creating good jobs and economic growth,” Sen. John Hoeven, R-N.D., said. “We appreciate the work of ADM, as well as the governor, the other members of the delegation and the Jamestown/Stutsman Development Corporation for their efforts on this exciting new opportunity.”
The company also announced a $25 million plan to expand refining and storage capacity at a Quincy, Ill., facility. That additional capacity is expected to be operational by the end of the first quarter of 2022.
For more news, go to www.Agri-Pulse.com.