FORT DODGE, IOWA — Cargill has introduced plans to take a position $48.25 million in its plant west of Fort Dodge in Iowa.
The proposed venture will increase Cargill’s value-added corn manufacturing for its meals ingredient market, based on a venture report from the Iowa Economic Development Authority. The venture additionally will embrace a brand new course of constructing, tanks and transload capability, the IEDA stated.
Although no new jobs are anticipated to be created because of the expansion, elevated expertise and wages for current workers are anticipated as the workers be taught new processes.
“Since 2011, when Cargill opened the doors to its Fort Dodge biotechnology campus, we’ve made significant investments to keep the facility leading edge, added more team members and given back to the community through volunteering and financial donations,” stated Sydney Pokorny, the power supervisor. “We continue to explore opportunities to expand this facility as well as look for new partners to co-locate on our campus. We are proud to be a part of the Webster County community, and look forward to sharing more in the future when we have more definitive growth plans.”
Site preparation is predicted to start in the primary quarter of 2022 and be full by the autumn of 2024.
Cargillacquiredthe Fort Dodge plant from Tate & Lyle for $57 million in 2011. The corn moist mill facility has the flexibility to grind roughly 150,000 bus of corn per day and produce 115 million gallons of ethanol per 12 months.