Hoeven: ADM & Marathon Form Joint Venture, Will Use North Dakota Soybean Oil for Renewable Diesel Production
BISMARCK, N.D. – Senator John Hoeven today 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’s announced soybean crushing plant near the Spiritwood Energy Park, with the refined soybean oil being exclusively supplied to Marathon’s renewable diesel facility in Dickinson.
This follows Hoeven’s 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’s announcement, the senator has been working to tie the new crushing plant to North Dakota’s agriculture and energy industries, having highlighted the potential partnership between ADM and Marathon during a recent meeting with the JSDC and local leaders.
“This new partnership between ADM and Marathon will build and strengthen the tie between North Dakota’s robust agriculture and energy industries,” said Hoeven. “We 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’s agriculture and energy industries in new and innovative ways.”
In addition to the partnership with Marathon, Hoeven has been working to leverage the ADM facility to build on North Dakota’s leadership in agriculture and energy. This means realizing opportunities to:
- Directly benefit farmers and the local economy.
- Make good use of waste steam from GRE’s Spiritwood station.
- Tie into carbon capture, utilization and storage (CCUS) projects and sequester CO2 off the Dakota Spirit ethanol plant at the ag-energy park.
Next Article Previous Article