A soybean processing plant will bring more than 100 jobs to Upper Sandusky, Ohio, through an approximately $500 million investment.
Louis Dreyfus Company, an agricultural goods merchant and processor, plans to construct the plant in Wyandot County.
Regional Growth Partnership CEO Dean Monske said the addition of Louis Dreyfus to Upper Sandusky will “contribute to the region’s prosperity and lays a foundation for future collaborations.”
Louis Dreyfus Company will construct a $500 million soybean processing plant in Upper Sandusky, Ohio. (Photo: Adobe Stock/Timon)
“This development is a beacon of economic development and innovation,” Monske said.
Construction is expected to being in 2024 and will have “annual soy crush capacity of 1.5 million MT, according to LDC.
“This strategic development will further strengthen LDC’s core merchandizing capabilities with additional capacity to originate and process U.S. soy into value-added products – in this case edible oils and lecithin, reinforcing our position as a partner to our customers as we grow our Food & Feed Solutions business established in January,” said Michael Gelchie, LDC’s Chief Executive Officer.
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The facility, according to Gov. Mike DeWine, will not only bring jobs to the state but “lead to new avenues” for growth and innovation in its agriculture sector.
Ohio annually sees an economic impact of $5.3 billion due to soybean production from its roughly 26,000 soybean farmers, according to JobsOhio.
“LDC’s substantial investment is a testament to Ohio’s economic vibrancy and our appeal to global agribusiness leaders,” said J.P. Nauseef, JobsOhio President and CEO. “This collaborative effort brings 100 new jobs and cutting-edge technology that will serve as a magnet for future investment in this critical sector.”
Ohio consistently ranks as one of the top U.S. destinations for new corporate facilities, meaning prime sites are quickly snapped up. Economic development officials and private developers are working cooperatively to ensure the pipeline of immediately-developable sites stays full with diverse location opportunities.
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