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Bismarck\u00a0 (Sen. Hoeven\u2019s Office) \u2013 Senator John Hoeven Friday issued the following statement after ADM and Marathon Petroleum announced a joint venture using North Dakota-processed soybean oil for renewable diesel production. Under the venture, Marathon will invest in ADM\u2019s announced<\/a> soybean crushing plant near the Spiritwood Energy Park, with the refined soybean oil being exclusively supplied to Marathon\u2019s renewable diesel facility in Dickinson.<\/p>\n This follows Hoeven\u2019s efforts with the Jamestown\/Stutsman Development Corporation (JSDC) and ADM for more than two years to redevelop the site of the former barley malting facility at Spiritwood. Following ADM\u2019s announcement, the senator has been working to tie the new crushing plant to North Dakota\u2019s agriculture and energy industries, having highlighted<\/a> the potential partnership between ADM and Marathon during a recent meeting with the JSDC and local leaders.<\/p>\n \u201cThis new partnership between ADM and Marathon will build and strengthen the tie between North Dakota\u2019s robust agriculture and energy industries,\u201d said Hoeven. \u201cWe made the case to ADM to open a soy crushing plant in North Dakota and outlined the tremendous opportunities for partnerships like this that will directly benefit not only the local economy and farmers, but the entire state for many years to come. This partnership is part of our efforts to make the soy crushing plant a four-for-one project that ties together North Dakota\u2019s agriculture and energy industries in new and innovative ways.\u201d<\/p>\n In addition to the partnership with Marathon, Hoeven has been working to leverage the ADM facility to build on North Dakota\u2019s leadership in agriculture and energy. This means realizing opportunities to:<\/p>\n Earlier\u2026<\/p>\n Jamestown\u00a0 (ADM-Marathon Petroleum)\u00a0 Announcements from ADM and Marathon Petroleum say, the $350 million soybean crushing plant at Spiritwood, is going to be operated jointly by them, with the goal, producing renewable diesel fuel.<\/p>\n ADM, which has the lead in the project, will own 75% of the plant. \u00a0Marathon will have a 25% ownership. The plans call for 100% of the soy oil produced at the plant at the Spiritwood Energy Park, to be processed at Marathon’s renewable diesel-fuel facility at Dickinson, North Dakota.<\/p>\n The on site demolition of a portion of the former Cargill Malt plant at Spiritwood is continuing, with the remainder of the facility to be utilized as a $350 million soybean processing facility capable of handling 150,000 bushels per day.<\/p>\n Jamestown\/Stutsman Development Corp., (JSDC)\u00a0 CEO Connie Ova says, this is the initial announcement making the deal official, and confirms that all of the soy oil produced at the Spiritwood facility would be processed into biodiesel, adding that change in corporate structure for the plant is not changing the incentive package offered \u00a0to the plant, by the JSDC and Stutsman County, of about $2.5 million from JSDC which will make a payment in lieu of taxes of $225,000 for 15 years under the agreement with Stutsman County.<\/p>\n The completion of the plant is anticipated in 2023, to be able to process this fall’s soybean crop.<\/p>\n <\/p>\n\n
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Gov. Doug Burgum Friday\u00a0 issued the following statement after Marathon Petroleum Corp. and ADM