Agriculture commodities trade Bunge has announced plans to build a fully integrated soy protein concentrate (SPC) and textured soy protein concentrate (TSPC) facility with an investment of approximately $550m in Indiana.
The new facility at Indiana’s Morristown is expected to help the company meet the growing customer demand for important ingredients in the production of plant-based foods, processed meat, pet food, and feed products.
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Construction of the facility is slated to commence in Q1 2023, with its commissioning planned in mid-2023.
The facility will be located adjacent to and integrated with the company’s soybean processing plant in Morristown.
Once operational, it will create around 70 full time jobs.
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The facility will be able to ultimately process close to 4.5 million bushels of soybeans.
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By GlobalDataBunge CEO Greg Heckman said: “As the world’s largest oilseed processor, 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.”
The new facility is expected to add scale, efficiencies, and non-GMO capability to the Bunge’s US-based conventional SPC and TSPC operation in Bellevue, Ohio.
Bunge intends to contract with farmers to set up a traceable soybean sourcing programme beginning with the 2025 harvest.
