Image courtesy of Pixabay
Representative image The agribusiness is building a new facility in North Dakota and also plans to expand its crush site in Quincy, IL.
American agribusiness Archer Daniels Midland (ADM) is launching a multi-million-dollar expansion project to boost its soy crushing capabilities and meet growing demand from food, feed, industrial, and biofuel producers.
In a release Monday, the firm said it will spend $350 million to build the “first-ever dedicated soybean crushing plant” in North Dakota in Spiritwood. Crush and refining assets at the site will enable the facility to process 150,000 bu/day of soybeans. Soybean oil and meal made at the site will be used in domestic and global markets.
ADM
May 11, 2021
ADM announced this week its plan to build North Dakota’s first-ever dedicated soybean crushing plant and refinery to meet fast-growing demand from food, feed, industrial, and biofuel customers, including producers of renewable diesel.
Based in Spiritwood, N.D., the approximately $350 million crush and refining complex will feature state-of-the-art automation technology and have the capacity to process 150,000 bushels of soybeans per day. Strategically located in a major soybean producing area, ADM’s global logistics network will enable the facility to access both domestic and global markets for soybean oil and meal. The facility is expected to be complete prior to the 2023 harvest.
Press release content from Business Wire. The AP news staff was not involved in its creation.
ADM to Build New Soy Crushing Facility in North Dakota to Meet Increasing Demand for Renewable Products
May 10, 2021 GMT
CHICAGO (BUSINESS WIRE) May 10, 2021
ADM (NYSE: ADM) today announced its plan to build North Dakota’s first-ever dedicated soybean crushing plant and refinery to meet fast-growing demand from food, feed, industrial and biofuel customers, including producers of renewable diesel.
Based in Spiritwood, ND, the approximately $350 million crush and refining complex will feature state-of-the-art automation technology and have the capacity to process 150,000 bushels of soybeans per day. Strategically located in a major soybean producing area, ADM’s global logistics network will enable the facility to access both domestic and global markets for soybean oil and meal. The facility is expected to be complete prior to the 2023 harvest.
SPIRITWOOD, N.D. (NewsDakota.com) – Archer Daniels Midland (ADM) has announced plans to build North Dakota’s first-ever dedicated soybean crushing plant and refinery to meet fast-growing demand from food, feed, industrial and biofuel customers, including producers of renewable diesel.
Based in Spiritwood, ND, the approximately $350 million crush and refining complex will feature state-of-the-art automation technology and have the capacity to process 150,000 bushels of soybeans per day. Strategically located in a major soybean producing area, ADM’s global logistics network will enable the facility to access both domestic and global markets for soybean oil and meal. The facility is expected to be complete prior to the 2023 harvest.
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