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Omaha company chosen to develop soybean processing plant near North Platte

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Omaha company chosen to develop soybean processing plant near North Platte

Dec 08, 2023 | 6:09 pm ET
By Paul Hammel
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Omaha company chosen to develop soybean processing plant near North Platte
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An aerial view from a drone shows a combine being used to harvest soybeans on Oct. 14, 2019, in Rippey, Iowa. (Joe Raedle/Getty Images)

LINCOLN — An Omaha company has been chosen to develop an oilseed processing plant at an industrial rail park near North Platte.

White River Soy Processing, LLC, will now pursue financing for the project, initially estimated to cost $400 million, at the Hershey Rail Park, a 300-acre industrial rail park west of North Platte, near Hershey. 

The Omaha-based company produces soybean meal and oil at facilities across the U.S. Just this fall, it acquired a soybean processing plant in Seymour, Indiana.

Gov. Jim Pillen, in a press release Thursday, called the Hershey facility “a great opportunity for Nebraska’s soybean farmers and livestock producers.”

State provided $30 million

The rail park got a boost after the Nebraska Legislature recently provided a $30 million Rural Projects Act grant for the project. North Platte is also welcoming a new beef-processing facility.

Gary Person, President and CEO of the North Platte Chamber and Development, said that the chamber conducted a feasibility study of an oilseed plant and found that the rail park would be “an ideal Midwestern location” and that the project would attract investors.

“We are excited about our partnership with White River and have full confidence in their experienced team of professionals that will drive this project to a success as the anchor in our business park,” Person said.

Construction on the plant, which would possibly employ 50 to 75 workers, could begin in late 2024 or early 2025, he said.