In South Dakota, the Grand Forks Herald newspaper reports Epitome Energy has chosen the city to site its new $400 million soybean crushing plant that will crush 42 million bushels of soybeans annually. The oil is likely to go towards renewable diesel production while the meal will go to animal feed. The facility was meant […]
In Mississippi, Oxbow Crush has acquired a soybean processing plant located in Greenwood, Mississippi. When fully operational, the plant will process over 20 million bushels per year. In conjunction with the acquisition, Oxbow also completed funding arrangements from a group of investors including The Energy and Minerals Group, Yorktown Energy Partners XII, L.P., Solaris Energy […]
In Nebraska, DTN reports CHS says 9 million more acres of soybeans needs to be grown to supply the soybean crushing and renewable diesel plants under construction, which will force farmers to move away from corn and towards soybeans to meet that demand. But even shifting corn acres to soy won’t be enough as states […]
In the Ukraine, GrainTrade reports soybean oil prices fell by nearly 17% on the week on the Chicago Board of Trade as a result of the Environmental Protection Agency only raising biodiesel blending by 1% over the next three years, together with the EPA also approving canola as an approved biodiesel feedstock. Prices are now […]
In Illinois, Fastmarkets reports soybean oil prices have fallen for the first time in four weeks, helping to boost margins for biodiesel producers above the 10-cent spread where it had fallen to below recently due to higher feedstock prices. Soybean oil stocks were reported to be at a 24-month low in October, which had pushed […]
In Minnesota, synthetic biology firm Calyxt, Inc., has completed the first phase of a research collaboration aimed at developing a soybean capable of producing an oil capable of replacing palm oil in commercial applications. The collaboration with an unnamed, leading global food ingredient manufacturer based in Asia leverages Calyxt’s proprietary PlantSpring™ platform for engineering plant […]
In Indiana, United Soybean Board (USB) announced the award of $1.1 million to the Purdue University Food Entrepreneurship and Manufacturing Institute (FEMI), in partnership with the University of Arkansas and the University of Missouri, for a joint project that is working to build infrastructure and connectivity for small- and medium-scale processing of soy-based value-added products. […]
In Brazil, Reuters reports that as many as 10 soybean crushers have temporarily halted crushing in response to negative margins. Vegetable oil stocks are on the rise in response to weak domestic demand for biodiesel, decimating margins, so some crushers chose to bring forward annual maintenance that traditionally takes place at the end of the […]
In Arizona, Eco Safety, Inc dba Eco Safety Products has acquired Soy Technologies, LLC a Lexington, Ky based specialty chemical manufacturer. The acquisition includes all remaining brands and intellectual property of the company. The purchased operations and existing products will be manufactured at the ESP facility in Phoenix, Arizona and/or with the current toll blending […]
In New York, Brooklyn Bridge Park’s Pier 6 dog park has installed soy-based synthetic grass from SYNLawn. Nearby East River Park already features the renewable material on its 30,000 square foot Pier 2. Installed more than ten years ago, the material has held up well—which prompted the new contract, along with pet owners’ desire for […]
