Global agribusiness giant ADM is planning to build a new soyabean processing plant in North Dakota, the company announced on 10 May.

The company said the new US$350M crushing plant and refinery would help meet increasing demand from food, feed, industrial and biodiesel customers, including renewable diesel producers.

Based in Spiritwood, the 150,000 bushels/day complex was due for completion before the 2023 harvest, ADM said.

“This new project allows us to partner with North Dakota farmers to further advance the role of agriculture in addressing climate change through the production of low carbon feedstocks for products such as renewable diesel,” ADM’s ag services and oilseeds president Greg Morris said.

ADM said it was also planning to invest approximately US$25M in expanding refining and storage capacity at its crush and refining facility in Quincy, Illinois.

This project would align the location’s refining capabilities with its crush capacity and allow for greater flexibility in meeting the needs of ADM’s food, biofuel and industrial customers, the company said. The expanded capacity was expected to become operational by the first quarter of next year.