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Originally announced in November 2015, the project will bring to Aberdeen and the surrounding area a soybean processing facility that is expected to have a positive economic impact on the community and region, the company said.
He added that the new facility will begin processing soybeans in the fall of 2019 as originally planned.
“Certainly a construction project as significant as this one requires a good team, and our team is working with others to deliver on the construction phase of this project,” said Cal Meyer, chief operating officer. “This facility will process over 45 million bushels of soybeans annually, so it will have a very positive economic impact for farmers and communities in this region.”
The plant will provide the Aberdeen community with 50 new jobs.
“AGP’s desire to build a soybean processing plant in Aberdeen was driven by several important factors, including a large supply of soybeans, a community that can provide for a great workforce, and solid infrastructure and transportation capabilities,” said Brad Davis, board chairman. “The relationships that have been formed with the community and our members will make this plant a successful one for many years to come.”
AGP is an agribusiness with primary operations as a major U.S. soybean processor/refiner producing and marketing soybean meal, refined soybean oil, and biodiesel. AGP businesses also include agricultural product trading in domestic and international markets and numerous U.S. grain elevator operations. According to the 2017 Grain & Milling Annual, AGP has 45 grain facilities and 102 million bushels of total licensed grain storage capacity. AGP is owned by local and regional cooperatives representing farmer?producers across the U.S. Corporate headquarters is located in Omaha, Nebraska.