SDSP subsidiary High Plains Partners forms JV with bp to co-own $500M crush plant

SOUTH DAKOTA SOYBEAN PROCESSORS LLC

High Plains Partners (SDSP subsidiary) and BP Products North America (bp) will co-own the High Plains Processing facility in Mitchell, SD.
The $500 million multi-seed processing plant is expected to be operational in 2025 with capacity to process 35M bushels of soybeans annually.
The JV is expected to create ~85 full-time jobs with an annual payroll of $5.5M.
bp plans to use the facility as part of its strategy to grow biofuels production to 100,000 barrels per day by 2030.
CEO Tom Kersting said the investment strengthens SDSP's business plan and provides access to the renewable fuels market.

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