FARGO, N.D. – North Dakota Soybean Processors (NDSP), a joint venture formed by CGB Enterprises, Inc., and Minnesota Soybean Processors, celebrates the completion of its soybean crushing plant near Casselton, North Dakota, with a day of VIP and public events. The organization will host a ribbon-cutting ceremony on Wednesday, August 7, from 10:30 a.m. to 11:30 a.m. for local, state, and federal representatives. The festivities will include remarks from company leadership and supporting organizations, followed by ground tours of the new facility. Additionally, NDSP is offering tours for local producers in the afternoon, as well as a public open house at 5:00 p.m.
The new plant promises to be an important part of the local agricultural community as an employer, contractor, and business partner.
“We are proud to announce that NDSP has successfully begun dumping soybeans and is finalizing construction for a September start-up,” said Tom Malecha, President, NDSP. “Our team has enjoyed engaging and collaborating with the local community to achieve this milestone. NDSP has and will significantly contribute to the overall economic activity and growth in Casselton through job creation, supporting local businesses, and driving sustained growth.”
Additionally, the new facility will have a positive impact on supporting organizations and industries across the state, including transportation providers and local contract suppliers.
The state-of-the-art facility has a 125,000 bushel-per-day capacity and will produce soybean oil, soybean meal, and soyhull pellets. It is estimated the plant will process 42.5 million bushels of soybeans in the first year. The plant creates a strong year-round local market for North Dakota and Minnesota soybean producers, resulting in better prices for farmers and more consistency for local agriculture.
“We’re keeping 42 million bushels of North Dakota soybeans in North Dakota, giving our farmers contracting options that meet their unique needs for better stability and return on investment,” said Jeramie Weller, CEO, Minnesota Soybean Processors. “By processing soybeans locally, we’re about to offer higher contract prices per bushel than export contracts, providing better returns for area farmers, which, in turn, provides a positive economic impact on our whole region. This is an exciting time for Casselton and North Dakota’s soybean industry.”
For more information on NDSP and the Casselton facility, visit ndsoy.com.