Monday, May 10, 2021

ADM To Build North Dakota's First-Ever Dedicated Soybean Crushing Plant and Refinery -- May 10, 2021

I've never "understood" Spiritwood, ND. There must be some highly civic-minded, entrepreneurial business leaders and farmers -- Spiritwood seems to pop up frequently when it comes to "production" facilities of some sort. I honestly don't know what it's all about. From wiki, the Spiritwood Industrial Park:
In 2007, ground was broken on a coal-fired cogeneration power plant, built by Great River Energy in Spiritwood Industrial Park. The industrial park, planned and funded the year before, was built coincidental to expansion of the nearby Cargill Malt plant and construction of the power/steam plant was predicated on a co-located ethanol plant. 
After construction was completed in 2011,the power plant was idled due to the recession, and need for a second steam partner (Cargill Malt being the first), after plans for the original ethanol plant fell through. In 2013, Great River Energy began construction on its own co-located ethanol plant, which would utilize the extra steam capacity of the power plant. 
The economic upturn and the promise of a second end-user for waste steam prompted the power plant to begin commercial operations in 2012. Construction of the ethanol plant was finished in July, 2015. The construction of the ethanol plant was financed, in part, with a $75,000,000 EB-5 investment, managed by CMB Regional Centers. The ethanol plant began production in June, 2015, and produced 65 million gallons of ethanol in its first year.
So, now we have this story from businesswire:
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.

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