Perdue AgriBusiness to invest $59.1M to expand soy operations in Virginia

In Virginia, Governor Glenn Youngkin announced that Perdue AgriBusiness, a leading U.S. agriculture products and services company, will invest $59.1 million to expand its operation in the City of Chesapeake. The company will modernize facilities and increase production of its high protein soybean meal, soybean oil, and hulls, positioning the company to expand its soybean crushing capability to include other high-oil content products. Virginia successfully competed with Maryland, North Carolina, and Pennsylvania for the project. 

Perdue purchases 80% of Virginia’s soybeans and exports 72 million tons of soybeans per year through The Port of Virginia. The Chesapeake facility supplies crude degummed soybean oil to Perdue’s Salisbury, Maryland oil refinery for further processing and sales to the food industry as well as supplying the biodiesel industry globally.