Officials with ADM take the company's responsibilities seriously when it comes to the planned soybean crushing plant at Spiritwood, ND, according to Ken Campbell, president of North American oils and biodiesel for ADM.
"We are not going to let our shareholders down," he said during a meeting with local officials in Jamestown Wednesday, June 16, as reported by AgWeek. "We are not going to let down Stutsman County or Jamestown and we sure as hell won't let down the state of North Dakota."
ADM and the Stutsman County Commission are still in negotiations for a tax incentive package for the project. Until Wednesday, local leaders referred to ADM as "Company X" under a nondisclosure agreement.
In May, ADM 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, the $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.