PIXABAY

Jun 03, 2022

ADM, Marathon Break Ground at Green Bison Soybean Facility

Spiritwood, ND, location is state’s first dedicated soybean processing plant

Leaders fromADMandMarathon Petroleum Corp.(MPC), along with local, state and federal policymakers, today celebrated the groundbreaking for North Dakota’s first dedicated soybean processing facility.

By harvest 2023, the plant – owned by the previously announcedADM-MPC joint venture Green Bison Soy Processing– is expected to be producing approximately 600 million pounds of refined vegetable oil annually, which will be supplied exclusively to MPC as a feedstock for renewable diesel.

“需要更低碳,更可持续的连续cts is one of the fundamental trends underlying ADM’s strategy and purpose, and we’re proud to continue to scale up our leadership in this critical area,” saidKen Campbell, ADM’s president of North America Oils, Biodiesel and Renewable Chemicals.

“Renewable diesel is a potentially transformative opportunity for the oilseed industry, for farmers, and for the sustainability of our transportation system.

"We’re excited to celebrate our bright future, and we look forward to working with MPC and producers across North Dakota as we bring this state-of-the-art plant online in less than a year and a half," says Campbell.

Vegetable oil produced supplied exclusively to MPC

The Green Bison Soy Processing facility represents another step in MPC’s commitment to investing in a sustainable, energy-diverse future, said Dave Heppner, MPC’s senior vice president of Strategy and Business Development.

“The Green Bison Soy Processing facility will help us further optimize our renewable feedstock sourcing," said Heppner. "We are excited about the opportunity to partner with ADM and the state of North Dakota as we move forward with the development of this facility.”

When complete, the approximately $350 million complex will feature state-of-the-art automation technology and is expected to have the capacity to process 150,000 bushels of soybeans per day.

Vegetable oil from the plant will be supplied exclusively to MPC to serve as feedstock for the production of a targeted 75 million gallons of renewable diesel annually.

Soybean processing facility construction

The construction of the new complex is supporting hundreds of jobs in the region, and the facility is expected to employ approximately 75 people once operational.

The new Green Bison Soybean Processing Plant brings together several important and necessary components for success, saidDwaine Heinrich, mayor of Jamestown, ND.

“This joining of two of the most important components of North Dakota's economy – agriculture and energy – is made possible by a willingness to work together to achieve goals that will in the end benefit the city of Jamestown, Stutsman County and the entire state of North Dakota," said Heinrich.

As a Top 10 soybean-producing state, the ADM-MPC joint venture is a game-changer that will provide lasting benefits for North Dakota soybean growers, said North DakotaGov. Doug Burgum.

“Green Bison will add value and expand the market for one of our farmers’ most important crops, while also creating 75 direct jobs and diversifying our economy to support our communities, our citizens and the entire state," said Burgum. "It’s also a shining example of the growing synergy between our agriculture and energy sectors in North Dakota."

Lisa Cleaver

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Marketwatch: Jun, 03

US Corn Price Idx:ZCPAUS.CM

open: 7.3242
high: 7.3392
low: 7.216
close: 7.2606

US Soybean Price Idx:ZSPAUS.CM

open: 16.6992
high: 17.0489
low: 16.6581
close: 16.919

US Hard Red Winter Wheat Price Idx:KEPAUS.CM

open: 11.077
high: 11.1709
low: 10.95
close: 10.9789

US Soft Red Winter Wheat Price Idx:ZWPAUS.CM

open: 9.9989
high: 10.1539
low: 9.9343
close: 9.9891