Key Takeaways
- White River Soy Processing Selected for Oilseed Plant Development: White River has been chosen by the North Platte Chamber & Development Corporation to develop an oilseed processing plant in Hershey Rail Park, Nebraska.
- Strategic Location and Community Support: The project benefits from a strategic Midwestern location, a comprehensive feasibility study, and strong local and state support.
- Economic and Agricultural Impact: The plant is expected to boost Nebraska’s agriculture sector and local economies significantly.
- Experienced Developer at the Helm: White River, with a substantial grain processing and risk management background, leads the project.
- Capital Raising and Partnerships: The project is advancing with efforts focused on capital raising and continued support from various partners.
Strategic Development at Hershey Rail Park
White River Soy Processing, LLC (White River) announced its selection by the North Platte Chamber & Development Corporation (the Chamber) for a significant project. The development entails an oilseed processing plant at Hershey Rail Park, a 300-acre industrial and rail facility. This project represents a critical opportunity for the region’s agricultural sector, especially for soybean farmers and livestock producers.
Gary Person, President & CEO of the Chamber, emphasized the extensive efforts, including a comprehensive feasibility study, to secure this development. “Our region is ideally positioned, with an emerging industrial rail park and a strong agricultural base. This makes the project appealing to investors,” Person stated.
Broad Spectrum of Support
The project has garnered wide-ranging support from Gov. Jim Pillen, Union Pacific Railroad, the Nebraska Legislature, and local authorities. Gov. Pillen highlighted the plant’s potential for economic growth and its role in cementing Nebraska’s position as an agricultural leader.
White River’s Role and Experience
Headquartered in Omaha, Nebraska, White River is known for its expertise in developing oilseed processing facilities. The company’s team brings extensive experience in grain processing and risk management, crucial for the project’s success.
Walter Cronin, Co-Founder and President of White River expressed gratitude for the selection and the support from investors and partners. “Our focus is now on completing the capital raise to realize this opportunity,” Cronin remarked.
Photo by Chad Peltola on Unsplash
