US agribusiness co-operative CHS is expanding its soyabean refining capacity in Minnesota, the company announced on 7 September.
On completion of the more than US$60M project, the annual refined soyabean oil production at the company’s Mankato processing facility would increase by over 35%, CHS said.
“Trends in global consumption of refined oils such as soya, canola, and palm remain strong, especially in the renewable diesel sector, with projected continued tightening of stocks,” CHS vice president, global grain & processing operations, Tom Malecha said.
Along with soyabean oil refining improvements, the entire refining process at Mankato would be upgraded and process flows would be improved to reduce operating costs, CHS said.
“We’re buying and crushing more local soyabeans and transporting more crude oil to the Mankato plant for refining,” Malecha said.
The project was due for completion in late summer 2023, according to the statement.
CHS is a leading global agribusiness owned by farmers, ranchers and cooperatives across the USA.
The co-operative supplies energy, crop nutrients, seed, crop protection products, grain marketing services, production and agricultural services, animal nutrition products, foods and food ingredients, and risk management services. It also operates petroleum refineries and pipelines and manufactures, markets and distributes Cenex brand refined fuels, lubricants, propane and renewable energy products.