The Los Angeles Post
U.S. World Business Lifestyle
Today: April 03, 2025
Today: April 03, 2025

Louis Dreyfus to build Ohio soy crush plant, add to processing boom

FILE PHOTO: Soybean and corn harvest season in central Ohio.
April 26, 2024
Reuters - Reuters

PARIS (Reuters) - Louis Dreyfus Company will build a soybean-processing plant in Ohio, the global crop merchant said on Friday, adding to a booming expansion of oilseed crushing in North America encouraged by biofuel use.

Dreyfus will start construction in early 2024 on the facility in Upper Sandusky that will have annual soy-crushing capacity of 1.5 million metric tons, the company said in a statement.

The plant will have capacity to produce 320,000 metric tons per year of edible soybean oil and 7,500 metric tons of lecithin, it said.

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 $500 million on the facility.

Dreyfus said the site will serve food, livestock feed and biofuel markets.

U.S. soybean crush capacity may swell by as much as 30% over the next three years, largely to supply vegetable oil to new renewable diesel production facilities.

Archer Daniels Midland, another global crop merchant, opened one of the first new crushing plants this autumn in North Dakota in a partnership with oil company Marathon.

Dreyfus said earlier this year it will more than double the size of its Canadian canola crushing plant in Yorkton, Saskatchewan.

(Reporting by Gus Trompiz, additional reporting by Karl Plume in Chicago; editing by Jonathan Oatis and Rod Nickel)

Share This

Popular

Americas|Crime|Political|US

Priscilla Alvarez on what we know about father mistakenly deported, sent to El Salvador prison

Priscilla Alvarez on what we know about father mistakenly deported, sent to El Salvador prison
Americas|Business|Economy|Europe|Political|US

German industry expects severe hit from Trump tariffs

German industry expects severe hit from Trump tariffs
Americas|Business|Economy|Finance|Political

Could Panama throw a new wrench into BlackRock's ports deal?

Could Panama throw a new wrench into BlackRock's ports deal?
Americas|Crime|Environment|Europe|World

Illegal luxury timber from Brazil's COP state makes its way to US and Europe, investigation finds

Illegal luxury timber from Brazil's COP state makes its way to US and Europe, investigation finds

Economy

Business|Economy|Europe|Stock Markets|US

Sporting goods makers Adidas, Puma slump after Trump announces tariffs

Sporting goods makers Adidas, Puma slump after Trump announces tariffs
Business|Economy|Political|US|World

The Latest: Key US trading partners and global officials react to Trump's new tariffs

The Latest: Key US trading partners and global officials react to Trump's new tariffs
Business|Economy|Europe|Political|World

Disruption to global trade is a threat to open UK economy, business minister says

Disruption to global trade is a threat to open UK economy, business minister says
Americas|Business|Economy|Finance|Political

Could Panama throw a new wrench into BlackRock's ports deal?

Could Panama throw a new wrench into BlackRock's ports deal?

Access this article for free.

Already have an account? Sign In