While the zoning and regulatory process continues for a Crookston, Minnesota soybean crush facility, Epitome Energy President and CEO Dennis Egan says the equity drive continues. “We actually brought on a firm out of Sioux Falls with 40 years of experience,” he says. “Our first seed money round is $10 million. We’re on our way with that and will be making a big announcement on September 5.” Egan says the soybean crush and biodiesel facility will add value to local agriculture. “We’re going to see an upwards of a 20 cent bump in basis. We have local cooperatives in the area telling them if they buy this fall, there’s a $1.50 to $1.70 difference in basis at Crookston. This gives us more opportunity to bring more value-added agriculture.”
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