ADM has introduced plans to build North Dakota’s first crush plant and refinery utterly devoted to soybeans.
The US$350 million facility can be situated west of Fargo, at Spiritwood — roughly 290 km (175 miles) from the Canada-U.S. border.
It’s slated to course of 150 thousand bushels of soybeans per day beginning in time for the 2023 harvest.
“This soybean processing plant is a gamechanger for North Dakota farmers, adding value and expanding the market for this important crop closer to home while also supporting the production of products such as renewable green diesel right here in North Dakota,” famous North Dakota Governor Doug Burgum within the announcement on Might 10.
The corporate says it sees the power assembly fast-growing demand from renewable diesel producers.
“ADM’s commitment to preserving and protecting our planet’s resources stretches from the farm gate to the food on our tables and the renewable fuel we put in our vehicles,” says Greg Morris, president of ADM’s Ag Providers & Oilseeds enterprise. “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.”
Spiritwood was additionally the situation for a large-scale farmer-owned soybean plant proposal from North Dakota Soybean Processors, however the producer group deserted its plan in 2020 after spending greater than three years and US$6 million on the undertaking.