CGB Enterprises-Minnesota Soybean Processors Plan Casselton, North Dakota, Operations
North Dakota Soybean Processors, jointly owned by CGB and MnSP, will own and operate the new facility, which is expected to crush 42.5 million bushels of soybeans in the first year, providing a more competitive and viable market within North Dakota for production that previously left the state.
“This is an exciting project that has been in the works since 2019,” said Steve O’Nan, Senior Vice President, CGB Soybean Processing. “This state-of-the-art soybean processing plant is a commitment to North Dakota agriculture. Its strategic location will produce soybean meal for the livestock industry and food-grade soybean oil to service the rising demand of food users and also the renewable fuel industry.”
Groundbreaking on the soybean processing plant is slated for this spring, with plans to have the facility fully operational in 2024, subject to various federal, state, and local permitting, infrastructure, and incentive approvals.
“We are pleased to partner with CGB to build this facility that will complement our current operations in Brewster, MN. The combination of these assets well positions us to meet demand, domestically and globally, for meal and oil, while providing a consistent, competitive market for locally grown soybeans for local farmers,” said Jeramie Weller, General Manager, Minnesota Soybean Processors.
“Investments like this put more money in the pockets of our farmers by expanding local markets while also building connections between our ag and energy industries for further value-added activity. We’re grateful to our highly productive soybean growers, North Dakota Soybean Processors, the North Dakota Department of Commerce, North Dakota Department of Transportation, City of Casselton, Casselton Economic Development, Cass County Commission, The Harvest Group, Greater Fargo Moorhead EDC, and everyone whose dedication and hard work on this project made today’s announcement possible,” Governor Doug Burgum said.
2022 Top States for Doing Business Provide an Environment for Business Growth
36th Annual Corporate Survey: Executives Focus on Labor, Energy, Shipping Costs
Location Factors in the EV Industry — “Mission Critical” or “Nice to Have”?
2022 Auto/Aero Site Guide
How Are Economic Developers Partnering to Solve Workforce Challenges?
Fixing the Supply Chain with AI and Robotics
Three Big Challenges Facing the Food & Beverage Industry
18th Annual Consultants Survey: Access to Major Markets and Skilled Labor Are Clients’ Primary Concerns