Casselton, ND. — North Dakota Soybean Processors (NDSP), a joint venture between CGB Enterprises, Inc. (CGB) and Minnesota Soybean Processors (MnSP), will build a new facility near Casselton, where he broke ground on August 26. It was started.
NDSP, which is jointly owned by CGB, based in Covington, Louisiana, and MnSP, based in Brewer, Minnesota, will own and operate the new facility. Expected to grind 42.5 million baths of soybeans in its first year, the plant will produce soybean oil, soybean meal and soybean hulls. It is expected to be fully operational in 2024 and support 50-60 jobs.
NDSP President Steve Onan said: “The value NDSP brings to farmers, food companies, renewable fuel facilities and communities in Cass County and North Dakota is immeasurable. I am proud to be a part of it.”
With 2,300 members, MnSP has an existing soybean processing facility in Brewster, which began grinding soybeans in 2003 and added a biodiesel refinery in 2005.
“MnSP has always aimed to add value to the soybeans grown in its growing regions. ,” said Scott White, MnSP Senior Advisor. “Thank you to the people of Cass County and the City of Casselton, our state soybean farmers, state and local administrators, and elected officials throughout the region. and transportation providers, as well as our countless suppliers of goods and services.”
North Dakota Governor Doug Burgham joined U.S. Senators Kevin Cramer and John Hoeven and other state, local, agricultural and business leaders to celebrate the start of construction.
“This project is part of a tectonic shift in North Dakota agriculture and energy. By exporting all raw commodities out of state for processing, we will add value to these commodities here at home. It will shift direction, reduce transportation costs and improve the price paid to soybean growers,” Burgham said.
CGB has a soybean processing plant in Mount Vernon, Indiana that was built in 1997 and recently underwent a major expansion to increase its soybean processing capacity. The company has additional grain elevator assets strategically located across the United States with access to rail, truck and barge transportation and other complementary operations within the agricultural and transportation industries.
Through its wholly owned subsidiary, Consolidated Grain and Barge Co., CGB operates a network of grain facilities in the Midwest. In addition to grain facilities, CGB Enterprises, Inc. is dedicated to logistics and transportation (CTLC), agrifinance (AGRIfinancial Services), soybean processing, grower risk management, and other related businesses.
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