CASSELTON, ND. — North Dakota Soybean Processors (NDSP), a joint venture between CGB Enterprises, Inc. (CGB) and Minnesota Soybean Processors (MnSP), marked the beginning of building on a brand new facility with a groundbreaking ceremony Aug. 26 close to Casselton.
NDSP, collectively owned by Covington, La.-based CGB and Brewer, Minn.-based MnSP, will personal and function the brand new facility. The plant, which is predicted to crush 42.5 million bus of soybeans in its first yr, will produce soybean oil, soybean meal and hulls. It’s deliberate to be totally operational in 2024 and help 50 to 60 jobs.
“As I take into consideration this plant, I’m excited as a result of it has a singular alternative to deliver the worth chain collectively in a secure, sustainable and socially accountable approach like no different can do,” mentioned Steve O’Nan, president of NDSP. “The worth that NDSP will deliver to the farmers of Cass County and the state of North Dakota, to meals firms and renewable fuels services, and to the local people is critical. It’s uncommon that one facility can deliver all this collectively, and we at CGB and MnSP are proud to be part of it.”
MnSP, a 2,300-member cooperative, has an current soybean processing facility in Brewster that began crushing soybeans in 2003 and added a biodiesel refining facility in 2005.
“MnSP has all the time sought so as to add worth to the soybeans grown in its drawing space, and NDSP will do the identical by including worth to soybeans grown proper right here in Cass County and surrounding areas,” mentioned Scott White, senior adviser for MnSP. “We want to thank the folks of Cass County and town of Casselton, the state’s soybean farmers, state and native directors and elected officers all through the world for his or her help. We’d additionally prefer to thank all the utility and transportation suppliers and the numerous suppliers of products and providers who’ve made and can make this challenge a actuality.”
North Dakota Governor Doug Burgum joined US Senators Kevin Cramer and John Hoeven, and different state, native, agriculture, and enterprise leaders to rejoice the beginning of building.
“This challenge is a part of a tectonic shift in North Dakota agriculture and power – shifting away from exporting all our uncooked commodities out of state for processing and shifting towards including worth to these commodities proper right here at house, lowering transport prices and enhancing the costs paid to soybean growers,” Mr. Burgum mentioned.
CGB has a soybean processing plant in Mount Vernon, Ind., that was in-built 1997 and just lately underwent a big enlargement to extend its soybean processing capability. The corporate has extra grain elevator property strategically situated all through the US with entry to rail, truck and barge transportation, in addition to different complementary companies throughout the agriculture and transportation industries.
CGB, by way of its wholly owned subsidiary, Consolidated Grain and Barge Co., operates a community of grain services throughout the Midwest. Along with grain services, CGB Enterprises, Inc. has devoted operations in logistics and transportation (CTLC), agri-finance (AGRIfinancial Providers), soybean processing, producer threat administration, and different associated companies. Source