Bunge plans to invest approximately USD 550 million to build a soy protein concentrate (SPC) and textured soy protein concentrate (TSPC) facility in Morristown, Indiana, to meet rising customer demand for key ingredients in the production of plant-based foods, processed meat, pet food, and feed products. The construction of the facility, which will be adjacent to and integrated with Bunge’s soybean processing plant, is expected to start in the first quarter of 2023 and to be commissioned in mid-2025, creating around 70 full-time jobs, the company announced.
The new facility will support and expand the production of Bunge’s existing US-based conventional SPC and TSPC operation in Bellevue, Ohio. The company plans to contract with farmers to establish a traceable soybean sourcing program starting with the 2025 harvest.
“[…] Plant proteins are a natural extension of our industry-leading oils, fats, and specialty ingredient portfolio. This new facility is an important step in our long-term strategy to strengthen our capabilities in downstream higher-value food ingredients,” said Greg Heckman, Bunge CEO.
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