In North Dakota, ADM and Marathon Petroleum Corp., along with local, state and federal policymakers, celebrated the groundbreaking for North Dakota’s first dedicated soybean processing facility which will be supplied exclusively to Marathon as feedstock for approximately 75 million gallons of annual renewable diesel and is expected to be online by the 2023 harvest.
By harvest 2023, the plant – owned by the previously announced ADM-MPC joint venture Green Bison Soy Processing – is expected to be producing approximately 600 million pounds of refined vegetable oil annually, which will be supplied exclusively to MPC as a feedstock for renewable diesel.
“The need for lower-carbon, more sustainable products is one of the fundamental trends underlying ADM’s strategy and purpose, and we’re proud to continue to scale up our leadership in this critical area,” said Ken Campbell, ADM’s president of North America Oils, Biodiesel and Renewable Chemicals. “Renewable diesel is a potentially transformative opportunity for the oilseed industry, for farmers, and for the sustainability of our transportation system. We’re excited to celebrate our bright future, and we look forward to working with MPC and producers across North Dakota as we bring this state-of-the-art plant online in less than a year and a half.”
When complete, the approximately $350 million complex will feature state-of-the-art automation technology and is expected to have the capacity to process 150,000 bushels of soybeans per day. Vegetable oil from the plant will be supplied exclusively to MPC to serve as feedstock for the production of a targeted 75 million gallons of renewable diesel annually.