In Mississippi, Oxbow Crush has acquired a soybean processing plant located in Greenwood, Mississippi. When fully operational, the plant will process over 20 million bushels per year. In conjunction with the acquisition, Oxbow also completed funding arrangements from a group of investors including The Energy and Minerals Group, Yorktown Energy Partners XII, L.P., Solaris Energy Capital, and Thoroughbred Holdings.
Oxbow’s initial focus is on upgrading the plant to meet industry standards for safety, reliability, and efficiency. The upgrades also include an expansion to increase processing capacity and improvements to grain unloading and handling facilities.
Oxbow will purchase and process soybeans and produce high-protein soybean meal and soybean hulls for animal feeds, and various grades of soybean oil for food, feed, and renewable fuels, including soybean oil for the growing renewable diesel industry. As part of the acquisition, Oxbow also acquired an on-site biodiesel refinery but has no intention of operating the facility.
