Benson Hill

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Benson Hill

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Company News

Benson Hill Transfers Ownership of Soy Processing Facility as Part of Liquidity Improvement Plan

As part of a strategic move aligned with its Liquidity Improvement Plan, Benson Hill, a food tech company specializing in plant genetics, has finalized the transfer of ownership for its soybean crush facility in Seymour, Indiana. White River Soy Processing, LLC, is the acquiring entity, with the agreement amounting to approximately $36 million in total gross revenue. The Liquidity Improvement Plan was initiated after Benson Hill received a non-compliance notification from the New York Stock Exchange after the company’s stock had traded below $1 per share for a consecutive 30-day period. The stock price has experienced a notable decline since August, dropping to as low as $0.15 per share on October 31. As of today, the stock has shown some recovery, reaching $0.40 per share. …

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ADM chef presenting a beautiful dish

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Ingredients

ADM Enters Strategic Partnership With Benson Hill to Scale Ultra-High Protein Soy

Agri-food giant Archer Daniels Midland (ADM) has entered a strategic partnership with Benson Hill to scale the food tech company’s proprietary ultra-high soy protein for the North American food ingredients market. Since inventing textured vegetable protein in 1965, ADM has led the way in the market for plant proteins and has consistently modified its products to meet shifting customer preferences. Following the invention of the soy vegetable burger three decades ago, soy protein is still an integral part of the company’s rise in the global plant protein ingredients market. Last year, ADM reached an agreement to acquire Sojaprotein, a leading European provider of non-GMO soy ingredients, to enhance ADM’s production capacity and meet the fast-growing global demand for plant proteins. In addition, the agri-food giant …

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BH_Soybean

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Agriculture / Agribusiness

Benson Hill Announces ‘Crop Accelerator’ to Supply Massive Demand for Plant Meat

Benson Hill, a publicly listed company since this September, announces the opening of its Crop Accelerator, a state-of-the-art research facility located near the Company’s St. Louis HQ. The company reports that the Crop Accelerator, designed to provide a more than twenty-fold expansion in testing capacity, is operational ahead of schedule and that its first soybean and yellow pea seeds were planted on September 17. The Crop Accelerator employs 27 staff and is looking to hire more innovators in plant science, data science and food science as it continues its expansion to meet demand for such ingredients, as the plant-based meat market is forecast to reach approximately $140 billion by 2029.  The 47,000 square-foot facility features dynamically adaptive Conviron® growth houses and chambers, equipped with multi-channel LEDs, additive CO2, temperature, humidity and …

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Benson Hill

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Agriculture / Agribusiness

What Benson Hill’s $2B Public Valuation Means for Alt Protein

Benson Hill plans to go public in a merger with a special-purpose acquisition company (SPAC) in a deal valuing the St. Louis-based plant-tech firm at $2 billion. Benson Hill is developing gene-edited and selectively bred versions of crops used in alt protein products, with the deal’s expected $625 million capital raise accelerating Benson Hill’s ability to drive down plant-based food costs.  With the commercial production of its ultrahigh-protein soybean and yellow-pea protein concentrate set to begin next year, Benson Hill says it can develop soy and pea crop breeds that mature faster, have higher protein content, or taste better, thus saving time and resources in the production of alt protein products. SPACs are shell companies that raise funds through an IPO to take a private …

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