ADM has announced that it will invest approximately $350 million to build a new soybean crushing plant in North Dakota, US, to cater to increasing demand from the food, feed and biofuel industries.
Based in Spiritwood, the approximately crush and refining complex will reportedly feature ‘state-of-the-art’ automation technology and will have the capacity to process 150,000 bushels of soybeans per day.
Construction of the facility is expected to be completed in 2023.
ADM claims that the facility is ‘strategically located’ in a major soybean producing area, and this – coupled with ADM’s global logistics network – will enable a consistent supply of materials for the facility.
ADM has also announced plans to invest approximately $25 million to expand refining and storage capacity at its crush and refining facility in Quincy, Illinois. The Quincy site expansion is expected to be completed by the first quarter of 2022.
Greg Morris, president of ADM’s Ag Services & Oilseeds business, said: “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.
“Thanks to our extensive operational and commercial expertise, we are well-positioned to add these shovel-ready projects to our network and meet the fast-growing needs of customers worldwide for lower carbon, plant-based solutions.”
© FoodBev Media Ltd 2020
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