Benefit To Soybean Farmers
The development of soy-based additive for low-friction rubber will benefit North Dakota soybean farmers in two direct ways. First, the use of soybean oil for new material for agriculture equipment applications will be increased. According to Future Market Insight, the market for agriculture and food grade conveyor belt in the USA is forecasted to rich $3 Billion in 2020. The company WCCO Belting Inc. in Wahpeton, ND, provided us with the numbers for the estimation of the amount of soybean oil that can be used by WCCO alone. The amount of rubber that the company will use for 0.039” thick cover for tube conveyor slider back applications is approximately 290,000 lbs per year. The estimated amount of soy-based additive for this amount of rubber will be 11,600 lbs/year. To produce this amount of additive, 12,900 lbs/year of soybean oil or 1,102/year bushels of soybeans will be needed. If the low friction additive will work, WCCO can use the additive for many other rubber compounds for industrial belts requiring a low COF, so the required amount of soybean oil will grow to higher volumes if other companies also start using the soy-based additive for their compounds.
The second benefit for soybean farmers will be the improved performance of their harvesting equipment, longer service life, and lower maintenance cost.