North Dakota company to build canola plant near Enid
BY Associated Press
Tuesday, October 30, 2012
FARGO, N.D. — A North Dakota-based company plans to build a canola processing plant in Oklahoma.
Fargo-based Northstar Agri Industries said construction of the plant near Enid, is expected to be done before the 2015 canola harvest.
The plant would be capable of producing 290,000 tons of food-grade canola oil and 450,000 tons of canola meal animal feed annually.
The plant would employ about 55 people with an annual payroll of $3.75 million. It is subject to regulatory approvals and financing commitments. The company did not release the cost of the project.
Northstar is a subsidiary of California-based PICO Holdings Inc. It has a canola plant near Hallock, Minn.