Bunge to invest $550 million in new soy protein facility
The American agribusiness company meets the rising customer demand for key ingredients in pet food products.
The plant’s construction in Indiana is scheduled to start in the first quarter of 2023 and will be commissioned in mid-2025.
“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 Bunge CEO Greg Heckman.
The new production site, which will be integrated with Bunge’s soybean processing plant in Morristown, expects to process an additional 4.5 million bushels of soybeans.