North Dakota Soy Processors agreement terminated
Thursday, July 25, 2019
Written By: Keith Norman |
The Spiritwood Energy Park Association has exercised its option to terminate a Key Terms Agreement with North Dakota Soybean Processors for a planned soybean crushing plant at Spiritwood. This effectively ends the connection between North Dakota Soybean Processors and SEPA, according to Connie Ova, manager of SEPA.
The SEPA Board also approved a temporary exclusivity agreement with another firm for the development of an unspecified project at the SEPA industrial park.
The actions came Wednesday during a special meeting of the SEPA Board of Directors. SEPA is jointly owned by the Jamestown/Stutsman Development Corp. and Great River Energy.
SEPA owns and operates the industrial park at Spiritwood that is home to Dakota Spirit AgEnergy and adjacent to Spiritwood Station, a coal-fired electric and steam generating plant.