- Associated Press - Thursday, December 18, 2014

SERGEANT BLUFF, Iowa (AP) - An Omaha, Nebraska soybean processing company plans to build a $90 million vegetable oil refinery in western Iowa.

The Sioux City Journal reports (https://bit.ly/13gng2g ) that Ag Processing Inc. plans to build the refinery at its complex near Sergeant Bluff, creating at least 20 new jobs. The information comes from documents by Ag Processing seeking nearly $1 million in Iowa loans and tax breaks released by the state Wednesday.

The company’s complex in Woodbury County currently includes a soybean processing plant, biodiesel plant and grain storage facilities.

The vegetable oil refinery proposed for the same 85-acre site would be designed for 30 rail tank cars per day. Estimated project costs include $2.5 million for site preparation, $14.5 million for construction and $71.5 million for new machinery and equipment..

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Information from: Sioux City Journal, https://www.siouxcityjournal.com

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