Aquaculture feed producer Prairie AquaTech held a groundbreaking ceremony on May 1 to mark the beginning of construction on a new, $60 million soybean processing plant in Volga, SD, several local news organizations reported.
The 300,000-sq-ft facility has a planned capacity of 30,000 tn/yr of a high-protein feed ingredient, according to a report by the Brookings Register. Using a process developed at South Dakota State University, the company ferments soybean meal to the ingredient for aquaculture feed products.
“We ferment [soybean meal]. And on site, we also have a small feed mill. That allows us to take our ingredients and mix them with other ingredients and pelletize that into fish feed,” Mark Luecke, the chief executive officer and managing director of Prairie AquaTech, told the Register.
35 new jobs are expected to be created as a result of the company’s project. Construction is slated to reach completion within a year, the Register’s coverage said.
Prairie AquaTech is based in Brookings, SD.