ADM and Marathon Petroleum Corp. have broken ground for North Dakota’s first dedicated soybean processing facility. By harvest 2023, the plant – owned by the previously announced ADM-MPC joint venture Green Bison Soy Processing – is expected to produce 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 D