Epitome Energy Plans Grand Forks, North Dakota, Soybean Crushing Complex
12/09/2022
The new facility will strengthen farmers’ basis for soybeans by 20 to 25 cents per bushel, according to company officials. The plant will process up to 42 million bushels of soybeans per year into crude degummed soybean oil, meal and hulls. Construction is scheduled for completion in the fall of 2025.
“Over the past two decades, soybean production has increased by more than 300% in the Red River Valley and become a dominant crop in the region. However, many soybean farmers are over 100 miles away from the nearest processing facility. As a result, soybeans in the region are regularly among the lowest priced in the country, and farmers are forced to spend more on the transport of their harvests prior to sale and are unable to reach certain markets,” said company officials.
Epitome Energy anticipates entering into a development agreement with the City of Grand Forks that will outline the responsibilities of each party.
“Our team was thrilled that Epitome Energy has selected Grand Forks as a perfect location for their soybean crushing facility,” said Keith Lund, President and CEO Greater Fargo-Moorhead EDC. “The Grand Forks region is home to some of America’s richest farmland and provides plentiful opportunities for agribusiness. We will continue to work to support Dennis and Epitome team throughout the development process.”
Project Announcements
NYX Linden Expands Linden, Tennessee, Manufacturing Operations
03/20/2023
Arcosa Wind Towers Plans Belen, New Mexico, Wind-Tower Manufacturing Plant
03/20/2023
The Federal Metal Company Plans North Little Rock, Arkansas, Manufacturing Plant
03/20/2023
Full Throttle Fulfillment Solutions Plans Liberty, Indiana, Operations
03/20/2023
Tex-Tech Industries Plans Winston-Salem, North Carolina, Manufacturing Plant
03/20/2023
Patten Seed Company Relocates-Plans Charleston, South Carolina, Corporate Headquarters
03/17/2023
Most Read
-
2022 Top States for Doing Business Provide an Environment for Business Growth
Q3 2022
-
36th Annual Corporate Survey: Executives Focus on Labor, Energy, Shipping Costs
Q1 2022
-
Strategies to Overcome Intensifying Industrial Real Estate Challenges
Q1 2023
-
The Top Investment Location Prospects for Aerospace Manufacturing
Q1 2023
-
37th Annual Corporate Survey: Economic Pressures Exerting Greatest Effect on Decision-Makers
Q1 2023
-
How Are Economic Developers Partnering to Solve Workforce Challenges?
Q1 2023
-
What in the World? FDI Trends to Watch in 2023
Q1 2023