---
schema_version: "secwatch.filing_event.v1"
accession: "0001163609-23-000036"
form_type: "8-K"
ticker: "SDSYA"
cik: "0001163609"
company_name: "SOUTH DAKOTA SOYBEAN PROCESSORS LLC"
filed_at: "2023-09-20T23:59:59+00:00"
generated_at: "2026-06-10T11:46:34.007760+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001163609-23-000036
- form_type: 8-K
- ticker: SDSYA
- cik: 0001163609
- company_name: SOUTH DAKOTA SOYBEAN PROCESSORS LLC
- filed_at: 2023-09-20T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163609/000116360923000036/0001163609-23-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163609/000116360923000036/sdsp-20230919.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001163609-23-000036
- JSON: https://secwatch.observer/filing/0001163609-23-000036.json
- Plain text: https://secwatch.observer/filing/0001163609-23-000036.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.