Epitome Energy hopes to have its financing in place by the end of the year for its proposed soybean crush plant in Grand Forks. In a meeting with the Grand Forks City Council, Epitome CEO Dennis Egan said activity is happening within a matter of weeks. “We’ve got a large institution coming in and doing a site visit in a couple of weeks and it’s kind of the last box to check in terms of them doing their due diligence on the entire debt package.” Ninety percent of the engineering work is complete and the plan is to begin construction in the spring. Markets have also been secured. “One of the big things when you talk about de-risking projects like this is who is going to take your soybean meal and who’s going to take your oil and we now are happy to say that we’ve got uptake agreements for 100 percent of all of our soybean meal and 100 percent of our oil.” The $420 million facility will process up to 42 million bushels of soybeans per year. If the project is finalized, Epitome Energy will be North Dakota’s third soybean crush plant.
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