Soybean Processing Company Unveils Plan to Build Mitchell Plant, Creating 50 New Jobs – Mitchell Republic

0

MITCHELL – A major soybean processing company plans to open a plant near Mitchell, a move that is expected to boost the local and regional economy.

South Dakota Soybean Processors (SDSP) on Wednesday announced plans to build a plant capable of processing about 35 million bushels of soybeans per year, equivalent to 1 million tons of oilseeds. SDSP officials say the plant will create 50 full-time jobs to keep operations going.

“This is a huge boost for our local economy and our farmers,” said Geri Beck, CEO of the Mitchell Area Development Corporation. “We are grateful that the Mitchell area was chosen for the plant and for the positive impact this significant investment will have.”

According to Gary Kruggel, chairman of SDSP’s board of directors, Mitchell’s new plant is a move that will help the company meet growing demand for soy products, such as vegetable oil.

The society is owned by approximately 2,200 members, many of whom reside in South Dakota and surrounding states. With processing facilities in Volga and Miller, the Mitchell-area plant would be the first expansion to the midwest of the state.

SDSP General Manager Tom Kersting pointed to the “abundant supply of soybeans” surrounding the Mitchell area as a key factor that led to the decision to open its next soybean processing plant. It is not known where the exact location of the factory and the cost of its construction would be.

“The growing demand for vegetable oil is driving the expansion of soybean processing in the United States. A plant that can also handle high oilseed crops such as sunflower (which can produce twice as much oil per acre as soybeans) greatly reduces project risk and puts the plant in a much better position for a long-term success. ” Kersting said in a press release.

Kersting pointed out that the growing number of hog and dairy farms in the Mitchell area will increase the demand for soybean processing.

“It should also be noted that the Mitchell area is experiencing significant growth in hog and dairy production, and these factors will help provide growing demand for soybean and sunflower meal. Additionally, the plant will be located on the BNSF rail line, and as SDSP has already established a strong relationship with them, we look forward to partnering on this project,” Kersting said in a press release.

If the plan comes to fruition, the processing plant would begin operations in 2025, according to information from the company’s press release.

Share.

Comments are closed.