Shell Rock Soy Processing (SRSP) LLC says it has raised the necessary capital to complete the construction of a high-volume, soybean crushing plant, creating new jobs and expanding market opportunities for producers across Iowa.
Funding partners include Mid-Iowa Cooperative and AGR Partners.
The new crushing facility, which is costing US$270m to build, will be located at the Butler Logistics Park northwest of Shell Rock. It will crush 110,000 bushels daily, once it is operational in late 2022. It will crush approximately 40 million bushels of soybeans a year, producing more than 900,000 tons of soybean meal and hulls for livestock feed per year, giving growers an additional processing option for their crops.
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