Soybean Processors Announces a Biodiesel JV with Transocean

Sydney, Australia [] South Dakota Soybean Processors, LLC (SDSP) and Transocean Group Holdings PTY Ltd. from Sydney, Australia, announced that they have executed an agreement and incorporated High Plains Biofuels (HPB) to develop and operate a 40 million gallon biodiesel refinery adjacent to SDSP’s Soybean Processing facility at Volga, SD. HPB is a 50/50 venture between SDSP and Transocean. Allowing for permitting and construction, HPB would expect to be in production early 2008.
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