Louis Dreyfus will build a soybean-processing plant in Ohio, the global crop merchant said recently, adding to a booming expansion of oilseed crushing in North America encouraged by biofuel use.
Dreyfus intends to start construction in early 2024 on the facility in Upper Sandusky that will have annual soy-crushing capacity of 1.5 million tonnes, the company said in a statement.
The plant will have capacity to produce 320,000 tonnes per year of edible soybean oil and 7,500 tonnes of lecithin, it said.
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Construction is expected to finish by 2026, Dreyfus said in an emailed response to Reuters.
In a separate statement, the Regional Growth Partnership, a local economic development group, said Dreyfus will spend US$500 million on the facility.
Dreyfus said the site will serve food, livestock feed and biofuel markets.
U.S. soybean crush capacity mahttps://www.agcanada.com/daily/louis-dreyfus-expanding-yorkton-canola-crush-planty swell by as much as 30 per cent over the next three years, largely to supply vegetable oil to new renewable diesel production facilities.
Dreyfus also said earlier this year it will more than double the size of its Canadian canola crushing plant in Yorkton, Sask.
