soybean oil factorying cold oil processing plant in america

   
soybean oil factorying cold oil processing plant in america
                                               
                                               
                                               
                                               
  • soybean oil factorying cold oil processing plant in america
How will the soybean processing industry change over the next year?

By Scott Gerlt, American Soybean Association economist. The soybean processing industry intends to significantly grow over the next few years. This change will open up more domestic opportunities for soybean consumption. Soybeans are almost never used whole but are instead ¡°crushed¡± to produce soybean meal and soybean oil.

Why is the soybean industry expanding?

The soybean sector is expanding to meet upcoming growth in demand. The announced 23 new or expanded crush plants would increase crush capacity by 34%. However, as aforementioned, this is dependent on multiple factors to actually occur. Chief among them is the pace of renewable diesel growth.

Why are soybean processors ramping up production capacity?

To meet the growing demand for soybean oil, U.S. soybean processors are ramping up their production capacity, which is expected to increase by 23% over the next three years.

Why is Louisiana expanding its soybean industry?

Whole beans tend to be easier to transport than meal, which gives an advantage to crushing locally. With announced expansion, Louisiana would go from being a net importer of its soy production to a net exporter. Several large renewable diesel plants are planned for the New Orleans area, which would need the soybean oil.