CGB and MN Soybean Processors Announce Plans to Build State-of-the-Art Soybean Processing Plant in North Dakota

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December 24, 2021

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(CGB Enterprises/Associated Press) CGB Enterprises, Inc. (CGB) and Minnesota Soybean Processors (MnSP) today announced that they have formed a joint venture for the construction of a state-of-the-art soybean processing plant near Casselton, North Dakota. North Dakota Soybean Processors, LLC, jointly owned by CGB and MnSP, will own and operate the new facility, which is expected to crush 42.5 million bushels of soybeans in the first year, providing a more competitive and viable market within North Dakota for production that previously left the state.

“This is an exciting project that has been in the works since 2019,” said Steve O’Nan, Senior Vice President, CGB Soybean Processing. “This state-of-the-art soybean processing plant is a commitment to North Dakota agriculture. Its strategic location will produce soybean meal for the livestock industry and food-grade soybean oil to service the rising demand of food users and also the renewable fuel industry.”

“We are pleased to partner with CGB to build this facility that will complement our current operations in Brewster, MN. The combination of these assets well positions us to meet demand, domestically and globally, for meal and oil, while providing a consistent, competitive market for locally grown soybeans for local farmers,” said Jeramie Weller, General Manager, Minnesota Soybean Processors. READ MORE

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