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AGP to expand soybean processing facility

Posted by Eduardo Moreno

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Image: Pixabay

US soybean processing cooperative AGP is expanding crushing capacity at its Sergeant Bluff facility in Iowa, AGP announced on 19 November.

“The project is aligned with our strategic plan of continued growth of our core soybean processing business to better serve the cooperative system and our rural communities,” AGP chairman of the board Lowell Wilson said.

Domestic and global demand for soybean meal and soybean oil continues to grow, according to AGP CEO Chris Schaffer.

AGP said the final details of the expansion plan were subject to regulatory approval and dependent on negotiations with state and local officials.

Nebraska-headquartered AGP is owned by more than 150 local and regional cooperatives throughout the Midwest, representing over 200,000 farmers.

According to AGP’s website, its primary activities include soybean processing/refining and the production and marketing of soybean meal, refined soybean oil and biodiesel. It also produces and markets AminoPlus, a soy bypass protein product for the dairy industry.

The cooperative operates 10 soybean processing plants in Iowa, Minnesota, Missouri, Nebraska, and South Dakota, four soybean oil refineries, and three biodiesel production facilities.

Source: Oils & Fats Internacional (OFI)