CHS to invest $60M in soybean refinery expansion

In Minnesota, CHS Inc announced a major soybean refinery expansion and renovation project at the CHS Mankato, Minn., soybean processing plant, driven by global oil demand. The more than $60 million project is the second phase of CHS investments to capitalize on changing market dynamics and opportunities to grow market access. When upgrades are completed, annual refined soybean oil production at the Mankato facility will increase by more than 35%.

Groundwork for CHS strategic growth plans to participate in burgeoning oil markets began in October 2019, with a 24-month construction project at its Fairmont, Minn., plant, which increased soybean crush capacity by 30%, and replaced outdated equipment.

Along with improvements to fully optimize soybean oil refining, related Mankato plant improvements include upgrading and expanding the entire refining process, and improving  process flows to reduce operating costs. Project completion is expected in late summer 2023.