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
Canfor Expands Fulton, Alabama, Production Operations
04/22/2024
Tucker Door & Trim Plans Henrico County, Virginia, Operations
04/19/2024
Zekelman Industries Expands Blytheville, Arkansas, Operations
04/19/2024
Fibrebond Corporation Expands Webster Parish, Louisiana, Operations
04/19/2024
Master Steel Expands Hardeeville, South Carolina, Operations
04/19/2024
L3Harris Technologies Expands Orange County, Virginia, Operations
04/18/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024