Downstream

Fagen Inc. to build U.S. soybean crushing plant in Minnesota

Fagen Inc

Fagen Inc., the leading and full-service EPC contractor headquartered in Granite Falls, Minnesota, has been selected by Epitome Energy to deliver its solutions for a soybean crushing facility.

Firstly, Fagen is a major industrial contractor, and a specialized green energy infrastructure designer and builder. As said above, it has its headquarters in Granite Falls, Minnesota. In fact, the company has built 60% of the US’s ethanol production capacity; as well as multiple biodiesel, wind and power projects.

Secondly, the project awarded to Fagen will have an investment for around $300, it will include a 42-million-bushel soybean crushing facility; it also may include a refined, bleached, and deodorized oil refining operation, as part of a phase 2.

Thirdly, the facility intends to address a much-needed value on the Minnesota market; specially a value-added supply chain and market for the region’s soybean farmers. It also intends to create numerous, permanent employment opportunities, once the plant becomes operational.

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Fagen to provide a platform for soybean growers

Moreover, according to a recent study by the University of Minnesota, the facility will generate over $300 million of new economic activity in the 11-county region of north-western Minnesota. In addition, it will improve the basis of every bushel of soybeans grown in the region.

Furthermore, about the relevance of the project, Dennis Egan, CEO and president of Epitome Energy, said. “This is another significant step forward for us; Fagen was the clear choice when we looked at different contractors for the project. Fagen’s vast experience, quality workmanship; and also, its commitment to safety were key factors in making this important decision. Indeed, we are excited to see progress continue.”

On the other hand, Fagen’s CEO, Aaron Fagen, said the team is excited to break ground on the facility, he added. “We pride ourselves in being the leader in renewable fuels construction; and we share Epitome Energy’s goal of providing facilities that benefit our nation’s farmers; and also, add value to the regional economy.”

Finally, the facility will provide a platform for soybean grower profitability; and will also help them endure market fluctuations by providing a year-round processing location for farmer’s crops. Soybeans are a predominant crop in the area, with over 1.8 million acres planted in the counties surrounding Crookston.

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