World Grain - January 2023 - 14

NEWS REVIEW
Canadian feed company acquires grain processing plant
SLEMON PARK, PRINCE EDWARD ISLAND, CANADA
- ADDiCAN, a manufacturer of nutritional products for animals,
has acquired a grain and processing facility in Slemon
Park, Prince Edward Island, Canada.
The facility will be the company's second manufacturing
plant in Canada and will expand ADDiCAN's manufacturing
PepsiCo partners on new UK oat testing lab
CAMBRIDGE, ENGLAND - PepsiCo, Inc. has partnered
with the National Institute of Agricultural Botany (NIAB)
to open its first UK oat testing laboratory at NIAB's site in
Cambridge.
Researchers at the site will use the facilities to test and analyze
thousands of oat samples from regenerative agricultural
trials for milling and nutritional requirements.
PepsiCo said it has collaborated with the NIAB for many
years, working to improve agricultural and horticultural
crop production. As part of their latest partnership, PepsiCo
Soybean crush plant slated for North Dakota
GRAND FORKS, NORTH DAKOTA, US - Epitome
Energy plans to build a $400 million soybean crush plant near
Grand Forks, North Dakota, US, where soybean production
in the Red River Valley has grown over 300% during the past
two decades.
Epitome has executed a letter of intent to build on a greenfield
site just north of Grand Forks. The site features full access
to rail, highways and all necessary utilities. The project is
Organic coop surrenders South Dakota grain license
PIERRE, SOUTH DAKOTA, US - OPINS Co-op (Organic
Producers of Iowa, Nebraska, and South Dakota) will surrender
its South Dakota grain dealer's license and pay a fine
of $5,000 for operating without a license from July 1, 2019,
to Nov. 8, 2021, after reaching a settlement with the South
Dakota Public Utilities Commission.
Under South Dakota law, a grain buyer without a license can
incur a fine of $1,000 for each purchase of grain, with a maximum
fine of $20,000. In its motion to approve the negotiated
Oxbow Crush acquires Mississippi processing plant
GREENWOOD, MISSISSIPPI, US - Oxbow Crush LLC, a
newly formed independent soybean processor, has acquired
a soybean processing plant in Greenwood, Mississippi, US.
The transaction was funded in part by a group of investors,
including The Energy and Minerals Group, Yorktown Energy
Partners XII, LP, Solaris Energy Capital and Thoroughbred
Holdings, but financial terms were not disclosed.
Oxbow said the plant will be capable of processing more
than 20 million bushels of soybeans per year once it is
14
and bulk handling capabilities for the North American and international
markets.
The purchase includes feed ingredients, grains, seeds
cleaning and sorting, 500,000 bushels of grain handling
facility space and more than 50,000 square feet of storage
space.
researchers will have access to state-of-the-art grain quality
testing facilities, the company said.
The data collected from the laboratory will feed into
PepsiCo research projects, including the company's OptiOat
Crop Intelligence program, which offers information
and insights into how to grow the perfect oat in its Oat
Growth Guide. The Oat Growth Guide is part of the OptiOat
initiative that seeks to deliver a 5% to 10% increase in
yield while contributing to more sustainable crop production,
PepsiCo said.
expected to break ground in the summer of 2023, with operations
anticipated to begin in the fall of 2025.
The new plant is projected to process 42 million bushels of
soybeans per year and provide a reliable source of soy products
such as 940,000 tonnes of soybean meal, 60 million gallons
of soybean oil and 84,000 tonnes of soybean hulls annually.
The plant will serve rising demand for renewable diesel
fuel, biodiesel fuel, soybean oil, meal and livestock feed.
settlement filed on Dec. 5, commission staff alleged that 33
loads of grain had been purchased by OPINS without a valid
license.
OPINS, based in North Bend, Nebraska, US, said all grain
sellers were paid and the cooperative maintained a positive
net worth in accordance with South Dakota law. As part of the
settlement, OPINS will not be able to purchase grain in fiscal
year 2023 and will be eligible to apply for a fiscal year 2024
license on June 1, 2023.
operational in early 2023. The company plans to purchase and
process soybeans and produce high-protein soybean meal and
soybean hulls for animal feeds, and various grades of soybean
oil for food, feed, and renewable fuels, including soybean oil
for the growing renewable diesel industry.
As part of the acquisition, Oxbow also acquired an on-site
biodiesel refinery but has no intention of operating the facility.
Greg Piper has been named chief executive officer of Oxbow
and Rick Kim has been hired as chief operating officer.
January 2023 / World Grain / www.World-Grain.com
http://www.World-Grain.com
World Grain - January 2023

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