CHS Celebrates Milestone for Planned Evansville Soybean Processing Facility
CHS Inc. recently celebrated a significant achievement with a ceremonial groundbreaking for its upcoming soybean processing facility in Evansville, Wisconsin. The event brought together community leaders, farmers, industry experts, and government representatives.
The Project
- Capacity: The facility aims to process 80 million bushels of soybeans annually, yielding approximately 1 billion pounds of soybean oil and 2 million tons of soybean meal.
- Impact: This project expands domestic processing capabilities, creating new market opportunities for farmers and catering to the growing demand in food, feed, and renewable fuel sectors.
- Investment: With an estimated cost of $700 million, the project is a substantial investment in the future of agriculture, according to CHS President and CEO, Jay Debertin.
Key Quotes
“Today marks an important investment in the future of agriculture... This facility will provide farmers with another reliable market for their soybeans while strengthening domestic supply chains.” - Jay Debertin, CHS President and CEO
“American farmers produce the highest-quality crops in the world... The CHS project joins a growing list of investments that helps demonstrate this Administration’s strong support for biofuels.” - Stephen Vaden, USDA Deputy Secretary
Government and Community Support
USDA Deputy Secretary Stephen Vaden emphasized the administration's backing for biofuels and the significance of stable markets for U.S. soybean farmers. Wisconsin Governor Tony Evers highlighted the project's economic benefits for the region, noting the facility's potential to create jobs and boost local and regional agriculture.
Job Creation
Once operational, the facility is anticipated to support approximately 80 full-time jobs and generate hundreds of construction and skilled trade positions during its development phase.
CHS's Commitment
During the event, CHS also committed to a $50,000 donation to support local causes in Evansville.