Perdue AgriBusiness, a leading U.S. agriculture products and services company, will make an investment of $59.1 million to expand soybean crushing capability in the City of Chesapeake, Virginia.
Perdue AgriBusiness, a leading U.S. agriculture products and services company, announced that it 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.
PROCESSING CAPABILITIES TO IMPROVE
“We purchase grain from more than 700 farmers in Virginia annually, giving them a strong local market for their crops,” said Scott Fredericksen, President of Perdue AgriBusiness. “Renovating and expanding our Chesapeake operations will allow us to increase local origination and improve our processing capabilities, as well as enhance logistical efficiencies across our supply chain to continue meeting customer demand. As a proud employer in the state, we look forward to many more years of success and growth at our operations in Chesapeake.”
Perdue AgriBusiness is an independent operating company of Perdue Farms Inc. Ranked among the largest grain companies in the U.S., Perdue AgriBusiness is a leading merchandiser, processor, and exporter of agricultural products. Through Perdue AgriBusiness’ 75 elevator locations with more than 75 million bushels of storage, deep-water port, transload facilities, oilseed crushing operations, edible oil refinery, and protein blend mills, the company serves markets across the United States and around the world. Perdue Farms employs more than 2,800 associates across Virginia.
