The North Dakota Farmers Union is investing $500,000 in a soybean processing plant to be built at Spiritwood.

The North Dakota Farmers Union is investing $500,000 in a soybean processing plant to be built at Spiritwood.

Minnesota Soybean Processors is spearheading the $240 million project on 150 acres in eastern North Dakota. The plant is to process 125,000 bushels of soybeans per day into oil, meal and fuel.

North Dakota Farmers Union President Mark Watne (WAHT'-nee) says having a large soybean processing facility in North Dakota will give farmers another market and add value to the state's soybean crop.

Minnesota Soybean Processors last month announced it was investing $60 million in the plant and will serve as majority investor and managing member. More investments are being sought.