Louis Dreyfus Corporation to Build 80 MMgy plant in Indiana
April 1, 2006
Joining other biodiesel plants set to start operations shortly in Indiana, Louis Dreyfus Corporation announced in March plans to build an 80 MMgy biodiesel plant in Claypool. The company, a member of the National Biodiesel Board, is also constructing an integrated soybean processing facility adjacent to the plant. Plant officials said it will crush nearly 50 million bushels of soybeans per year and produce over 1 million tons of soybean meal. The biodiesel plant would be the largest to date.
"The Claypool project represents a significant and timely investment in the expanding U.S. biofuels space," said Erik Anderson, CEO of Louis Dreyfus Commodities North America. "We believe that biofuels will be a key and increasingly important driver in U.S. commodity markets."
The plant, located in northern Indiana, will be situated to source soybeans locally and from neighboring states. The company says competitive truck and rail access to feed markets in Indiana and the Southeast will provide a consistent outlet for soybean meal. Further, Claypool sits in the center of Indiana and surrounding Midwestern states.
Louis Dreyfus Corp. is the agribusiness arm of The Louis Dreyfus Group, which has merchandised and traded bulk agricultural commodities in international markets for more than 150 years.
"The Claypool project represents a significant and timely investment in the expanding U.S. biofuels space," said Erik Anderson, CEO of Louis Dreyfus Commodities North America. "We believe that biofuels will be a key and increasingly important driver in U.S. commodity markets."
The plant, located in northern Indiana, will be situated to source soybeans locally and from neighboring states. The company says competitive truck and rail access to feed markets in Indiana and the Southeast will provide a consistent outlet for soybean meal. Further, Claypool sits in the center of Indiana and surrounding Midwestern states.
Louis Dreyfus Corp. is the agribusiness arm of The Louis Dreyfus Group, which has merchandised and traded bulk agricultural commodities in international markets for more than 150 years.
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