Ohio is to host a new soybean processing plant.
In Upper Sandusky, Ohio, Louis Dreyfus Co. (LDC) has revealed intentions to construct a soybean processing facility.
The business stated that construction of the facility, which would have an annual capacity of 1.5 million tonnes for crushing soy, will start in early 2024. Along with producing lecithin and soybean oil, the plant has a 320,000 and 7,500 tonne yearly production capacity, respectively.
As we expand our Food & Feed Solutions business, which was founded in January, this strategic development will further strengthen LDC’s core merchandising capabilities with additional capacity to originate and process US soy into value-added products, in this case edible oils and lecithin. This will strengthen LDC’s position as a partner to food and feed customers. “The new plant also helps meet the growing demand for biofuels and offers an option to participate in feedstock markets for renewable energy.”
It is the most recent addition to The Netherlands-based LDC’s oilseeds foothold in North America.
“This new facility will leverage LDC’s existing regional logistics network and synergies with our other integrated oilseed processing facilities in the region: our recently expanded crushing, biodiesel refining, and glycerin and lecithin production complex in Claypool (Ind.), and our canola processing plant in Yorkton (Sask.), Canada, which we are also expanding,” said Gordon Russell, LDC’s US head of Grains & Oilseeds. “This new facility reflects our long-term commitment to North America as a key market for LDC, both in terms of origination and distribution.”
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According to LDC’s most recent earnings report, achieving outstanding financial success in the first half of the year was largely due to the Grains & Oilseeds platform’s global footprint. The company’s soy and corn divisions saw potential at origin and destination due to the high crop yields in Brazil and the strong demand from China.
Strong crush and crack margins, especially in North America and Brazil, allowed processing activities to positively impact the platform’s performance, the business said.