Jamestown  (CSi)  The  North Dakota Soybean Processors has presented a letter of intent to the JSDC, the next phase of the planned soybean crushing plant project at Spiritwood.

Minnesota Soybean Processors, General Manager, Scott Austin was in Jamestown Wednesday to sign the letter.

JSDC CEO Connie Ova points out that the letter of intent allows the JSDC to transfer land it owns south of the Spiritwood Energy Park Association industrial park to SEPA.  It also authorizes applications for loans.

Further, the letter authorizes applications for loans to construct additional rail loop capacity at SEPA and in the land where the North Dakota Soybean processors plant will be built.

The planned $240 million plant to employ 55-60 workers, will crush about 42 million bushels of soybeans each year into soy oil for biofuels and other uses and produce soy meal.