SPIRITWOOD — Preparations for the planned North Dakota Soybean Processors crushing plant at Spiritwood are moving forward on several fronts, according to Scott Austin, CEO of Minnesota Soybean Processors, the parent of North Dakota Soybean Processors.
Preliminary estimates pegged the cost of the project at $287 million. The plant would process 125,000 bushels of soybeans per day into soy oil, biodiesel and soymeal.
“We are progressing pretty well, actually,” Austin said. “We’ve worked through the agreements on utilities and most of those should be in place by the end of the year. The air quality permit should be in place in the next couple of weeks.”
An equity drive to recruit investors in the project is also moving forward with meetings scheduled in Valley City and Jamestown in the next two weeks.
Read more at http://bismarcktribune.com/news/state-and-regional/soybean-plant-moving-forward/article_9793dd42-231a-53ce-acd9-44b2688cbfd4.html