North America
Record Results
Grains & Oilseeds (G&O) spearheaded the delivery of strong results in the Region, where we effectively captured trade opportunities while maximizing strong crush and crack margins at our processing facilities.
Logistics Investments
Strategic investments in logistics assets during 2022 contributed to improved supply chain logistics and cost savings in G&O, and increased storage and export execution capacity in Cotton.
Downstream Developments
We completed the construction of a lecithin refinery as part of our existing facility in Claypool, Indiana, US, supporting the capture of additional margins from value-added products, and inaugurated a new Plant Proteins R&D facility in the San Francisco Bay area, as a basis to expand our participation in the plant-based foods market through plant protein extraction and food & beverage application formulation.
Erin Maxwell
Head of Ingredients, North America
“As part of our new canola oil transload business at our Claypool facility, rail cars of refined canola oil from our refinery in Yorkton, Saskatchewan, Canada, are broken down into truck and tote volumes that are distributed in the Midwest. These flows are expected to account for 8 to 10% of our Yorkton facility’s total oil production in 2023, and more than double LDC’s canola oil counterparties, contributing to our regional plans to diversify revenue streams with LDC’s growing ingredients business.”
More North America Highlights
Three additional cotton warehouses – two in West Texas and one in Savannah, Georgia – have increased storage and export execution capacity in the US.
Installed a mobile crane at our Port Allen, Louisiana, US export terminal, to assist transportation and prevent shutdowns during low- or high-water events, reduce demurrage and enabling loading of dried distillers grains.
Successfully launched a canola oil transloading business at our Claypool facility, opening our canola program to non-rail buyers in the Midwest.
Completed a distillers corn oil rail loadout at our ethanol plant in Grand Junction, Iowa, US, enabling the business to market third-party oil at a premium. A Dryer Exhaust Energy Recovery (DEER) vapor system was installed at the site to recapture heat and reduce natural gas consumption.
Completed the divestment of Imperial Sugar Company, announced in 2021, as part of LDC’s strategic plans to refocus on its core sugar merchandizing business.
1,320 MMBtu
annual reduction of natural gas consumption through DEER vapor system
11MM gallon
monthly record for 200 proof ethanol production at Grand Junction plant in October 2022
1,025,000 ft2
additional storage capacity from our three new cotton warehouses
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Innovation
Investment in innovation and technology continues to drive our strategic growth plans forward, as we work to shape a secure and sustainable future of food and agricultural production.
Cotton
Strong returns, reinforced logistics capacity and continued support to smallholder farmers, promoting more sustainable cotton production.
Grains & Oilseeds
Advances for soy sustainability, good performance across all product lines, developments at origin and destination, and continued progress on diversification and digitalization.