Company X has been granted an extension to its exclusivity agreement to explore the possibility of a value-added agriculture processing plant at the Spiritwood Energy Park Association industrial park, according to Connie Ova, chief operating officer of SEPA.
SEPA entered into an exclusivity agreement and non-disclosure agreement with the unnamed company in September after ending an agreement with Minnesota Soybean Processors for a soybean crushing plant at the industrial park.
"The extension to July 10 of 2020 allows continued due diligence and progressive movement forward," Ova said in an email. "SEPA board of directors and staff are pleased with great progress to date and optimistic about good news to come.”
Court documents filed by Minnesota Soybean Processors in September indicated SEPA was negotiating with Archer Daniels Midland to construct a soybean crushing plant at the Spiritwood location.