Louis Dreyfus Plans Wyandot County, Ohio, Soybean Processing Operations
The new soybean processing plant in Upper Sandusky will have integrated crushing, edible oil refining, and lecithin production and packaging capabilities. Construction is scheduled to begin in early 2024.
“This strategic development will further strengthen LDC’s core merchandizing capabilities with additional capacity to originate and process US soy into value-added products, in this case edible oils and lecithin, reinforcing our position as a partner to our customers as we grow our Food & Feed Solutions business established in January,” said Michael Gelchie, LDC’s Chief Executive Officer.
The State of Ohio and JobsOhio will consider assistance for the project, which will be made public after any incentives are approved.
“LDC's substantial investment is a testament to Ohio's economic vibrancy and our appeal to global agribusiness leaders,” noted J.P. Nauseef, JobsOhio president and CEO.“ This collaborative effort brings 100 new jobs and cutting-edge technology that will serve as a magnet for future investment in this critical sector.”
Louis Dreyfus Company B.V., also called the Louis-Dreyfus Group, is a French merchant firm that is involved in agriculture, food processing, international shipping, and finance. The company owns and manages hedge funds, ocean vessels, develops and operates telecommunications infrastructures, and it is also involved in real estate development, management and ownership.
"This development is a beacon of economic development and innovation,” added Dean Monske, CEO of Regional Growth Partnership. “The Regional Growth Partnership is excited to support the endeavor, which will contribute to the region's prosperity and lays a foundation for future collaborations."
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