Huge "thank you" to the reader who sent me this link.
This story was reported many, many months ago by the Grand Forks Herald, which I must have missed. I'm glad that a read caught this one.
Spiritwood, ND, is about ten miles from Jamestown, ND, and about 100,000 miles from the Bakken. At least when you drive it, it seems that far away. Only Nebraska is more desolate.
Marathon Petroleum Corp and Archer-Daniels-Midland Co announced on Thursday a joint venture to produce soybean oil that will be exclusively sold to Marathon as a renewable diesel feedstock.
Refiners are on the hunt for secure access to feedstocks for renewable fuels amid supply constraints and soaring prices for fats, greases and oils.
The JV soybean processing complex in Spiritwood, North Dakota, is expected to produce about 600 million pounds of refined soybean oil annually, enough feedstock for about 75 million gallons of renewable diesel per year when complete in 2023, the companies said.
That is approximately 40% of the feedstock needed to supply Marathon's nearby Dickinson, North Dakota, plant, which can process about 180 million gallons of renewable diesel annually.
More at the link.
Tag: ADM.
75 million gallons / year = 1.8 million bbls / year = 5,000 bbls/day.
Small step for mankind; big step for Spiritwood.
From The Grand Forks Herald.
The plans include redeveloping the former Cargill Malt plant for use in processing soybeans. ADM confirmed that the plant would produce soybean meal and vegetable oil for food, feed, industrial and fuel customers, including producers of renewable diesel.
"It is really a good day for Stutsman County, North Dakota," said Jamestown Mayor Dwaine Heinrich. "There are so many good things to say about ADM coming to the area."
The initial announcement did not include a construction start date but said completion was anticipated in 2023.
"This is absolutely awesome," said Connie Ova, CEO of the Jamestown/Stutsman Development Corp. "This is a decade-changing facility."
The Jamestown/Stutsman Development Corp. approved $2.5 million in forgivable loans and grants Monday as a local incentive for the project. The funding includes a $1 million grant at the time ADM signs a lease with the Spiritwood Energy Park Association, $500,000 at the completion of construction if it is within 24 months of the lease agreement and $500,000 upon proof that ADM has 25 people on the payroll at jobs paying more $20 per hour.
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