This article originally ran in the St. Louis Business Journal on Dec. 19, 2022.
Chesterfield-based agriculture giant Bunge Ltd. (NYSE: BG) plans to build a $550 million manufacturing facility as part of its continued focus on producing ingredients for plant-based proteins.
It anticipates starting construction on the Morristown, Indiana, facility in the first quarter of 2023. Bunge said its new plant will produce soy protein concentrate and textured soy protein concentrate, ingredients used to make plant-based proteins such as alternative meat products.
Bunge, which had 2021 revenue of $59.2 billion and is an oilseed processor and supplier of plant-based oils and fats, said the $550 facility will help “meet rising customer demand for key ingredients in the production of plant-based foods, processed meat, pet food, and feed products.” It expects to open the facility in the middle of 2025.
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