ADM makes major investment to increase soy protein production
ADM is investing approximately $300 million to expand its Decatur, IL alternative-protein production by opening a new state-of-the-art Protein Innovation Center.
Photo © iStockphoto.com/pavlen
ADM (Chicago) is investing approximately $300 million to expand its Decatur, IL alternative-protein production by opening a new state-of-the-art Protein Innovation Center. The project, with an expected completion date of Q1 2025, will increase the company’s soy protein concentrate capacity and nearly double extrusion capacity.
“The global trends of food security and sustainability are driving structural changes in the food industry, including strong growth in alternative proteins, and we’re investing to ensure ADM remains a leader in this vast and exciting space,” said Leticia Gonçalves, ADM’s president of Global Foods, in a press release.
Last year, the company acquired Sojaprotein, a leading European provider of non-GMO human nutrition protein solutions. Between the two investments, ADM will increase its global alternative protein production capacity by more than 30%.
The new Decatur Innovation Center will bring together labs, test kitchens, and pilot-scale production capabilities, with product offerings from novel and diversified ingredients to more sustainable and efficient processing, to unique and differentiated texture, taste, appearance, and nutrition solutions.
Senate Committee has released the text of 2024 Farm Bill, with changes to hemp regulations
November 19th 2024The U.S. Senate Committee on Agriculture, Nutrition, & Forestry has introduced the Rural Prosperity and Food Security Act, which will serve as the Senate’s draft for the 2024 Farm Bill.
