Who Will Build North Dakota’s First Soybean Crush Plant?
Race is on between "Company X" and North Dakota Soybean Processors
The race is on to build North Dakota’s first soybean crush plant. The only question will be who gets it done.
According to the Grand Forks Herald, vying to be first are “Company X,” which has expressed interest in building at Spiritwood Energy Park, and North Dakota Soybean Processors, which intends to find a new site after a falling out with the Spiritwood Energy Park Association.
“Company X” has an exclusivity agreement through July 10, 2020. The company also has a non-disclosure agreement in place, though court documents filed by Minnesota Soybean Processors in September indicated Spiritwood Energy Park was negotiating with Archer Daniels Midland to construct a soybean crushing plant at Spiritwood.
But North Dakota Soybean Processors hasn’t backed away from its intentions to build “the first farmer-owned soybean crush plant to the State of north Dakota,” though the possibility of building at Spiritwood is over.
Read the full report here.