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Agriculture / Agribusiness

ADM Announces $300M Investment to Grow Alt-Protein Production and Open Protein Innovation Center

Agrifoods giant Archer Daniels Midland Co (ADM) announces the company is investing approximately $300 million to expand its alternative protein production facilities in Decatur, IL, in addition to opening a new state-of-the-art Protein Innovation Center. Once completed, these and other investments are expected to grow ADM’s global alternative protein production capacity by more than 30%, the company says.  Major increase in production ADM says increased production is needed to meet strong and growing consumer demand for quality plant proteins. The expansion of its Decatur-based complex, scheduled to be completed in Q1 of 2025, will significantly increase the company’s soy protein concentrate capacity and double its extrusion capabilities. ADM will also use the latest technology and processes to conform to its environmental sustainability standards.  “Protein partner …


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Company News

Agrifood Giant ADM Accelerates its Alt Protein Growth with Acquisition of Sojaprotein

After recently announcing its new partnership with beef patty producer Marfig to supply Burger King, Big Food giant Archer Daniels Midland Co (ADM) has reached an agreement to acquire Sojaprotein, a leading European provider of non-GMO soy ingredients. “Thirty years ago, ADM invented the soy vegetable burger, giving rise to the plant-based protein segment” – Leticia Gonçalves, ADM’s president of Global Foods The acquisition of Sojaprotein – the largest producer of plant-based protein in southern Europe – will enhance ADM’s production capacity to meet the fast-growing global demand for plant-based proteins. The Serbia-based Sojaprotein produces a wide array of non-GMO vegetable protein ingredients for global customers in the alt meat, confectionery, protein bar, pharmaceutical, pet food, and animal feed segments. The company shows more than …