Perdue to expand soybean-crush operation in Chesapeake, Virginia
Virginia Gov. Glenn Youngkin announced March 24 that Perdue AgriBusiness will invest $59.1 million to expand its soybean-crush operation in Chesapeake, Virginia. The company will modernize facilities and increase production of its high protein soybean meal, soybean oil, and hulls, positioning the company to expand its soybean-crushing capability to include other high oil-content products.
Perdue purchases 80 percent of Virginia’s soybeans and exports 72 million tons of soybeans per year through the Port of Virginia. The Chesapeake facility supplies crude degummed soybean oil to Perdue’s Salisbury, Maryland, oil refinery for further processing and sales to the food industry, as well as supplying the global biobased diesel industry.
“We purchase grain from more than 700 farmers in Virginia annually, giving them a strong local market for their crops,” said Scott Fredericksen, president of Perdue AgriBusiness. “Renovating and expanding our Chesapeake operations will allow us to increase local origination and improve our processing capabilities, as well as enhance logistical efficiencies across our supply chain to continue meeting customer demand.”
Through Perdue AgriBusiness’ 75 elevator locations with more than 75 million bushels of storage, deep-water port, transload facilities, oilseed-crushing operations, edible-oil refinery, and protein-blend mills, the company serves markets across the U.S. and around the world.
Biobased Diesel Daily is awaiting response from Perdue AgriBusiness on how many additional soybeans the expanded facility will be able to process per year once complete. This story will be updated when more information is available.