Commodities
Dreyfus to Build Ohio Soy Plant to Capitalize on Renewable Diesel Boom
- Plant to cost $500 million; construction set to begin in 2024
- Move comes as demand for soybean oil has surged for biofuel
Operations at the new Ohio plant will include vegetable-oil refining and lecithin production, as well as packaging capabilities.
Photographer: Rory Doyle/BloombergThis article is for subscribers only.
Louis Dreyfus Co., one of the world’s biggest agricultural traders, said it’s building a soybean processing plant in Ohio to boost production of the vegetable oil that’s been increasingly in demand both for cooking and fuel.
Construction of the plant in Upper Sandusky is set to begin next year, with an annual processing capacity of 1.5 million metric tons of soybeans, according to a Friday statement from the company.