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 …
