Wednesday 28 November 2007

World's largest soybean-based biodiesel plant opens

The largest integrated soybean-based biodiesel plant in the world has opened in Indiana.

The Louis Dreyfus facility is expected to begin biodiesel fuel production - using the autumn soybean harvest - by early next year. The plant’s capacity will be approximately 250,000 gallons of biodiesel a day (80 million gallons annually), and will produce in excess of a million tonnes of soybean meal each year.

The plant will process soybeans from both county and regional farmers. About 50 million bushels of soybeans, almost a fifth of all soybeans grown in Indiana, will be crushed.

The total capital investment of the facility is $150 million (€110 million) and expects to employ about 70 people.

The company is developing additional biofuel assets in the US, including an ethanol plant in Nebraska. Louis Dreyfus Commodities’ presence in the expanding biofuels sector includes a leading position in the Brazilian ethanol market.

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