The agreement provides for an exclusive license in North America to process grain derived from Benson Hill’s ultra-high protein soybeans for ADM to produce and sell protein concentrates, texturized protein concentrates and high protein texturized flour, as well as protein isolate products in North America for the human food ingredient market.
With 20% more protein and a lower carbon footprint that conventional soy – due to simplified processing which bypasses the water- and energy-intensive protein concentration step – Benson Hill is aiming to address a glaring market need for higher-value plant-based protein ingredients, a market that’s poised to grow at a CAGR of 14% to reach $125bn by 2030, according to the company.
Target applications: 'Meat alternatives, meat extensions, alternative dairy...'
Under the initial 5-year partnership term, ADM said that it is targeting a wide range of product applications for Benson Hill’s UHP soy ingredients across the plant-based spectrum.
This includes “meat alternatives, meat extensions, alternative dairy, snack and bakery, and specialized nutrition,” Leticia Gonçalves, ADM’s president of global foods, told FoodNavigator-USA. Initial processing will begin in the fall.
“ADM will leverage Benson Hill Ultra High protein soybeans to manufacture soy protein concentrates, texturized soy protein concentrates and soy protein isolate – as well as high protein texturized flours,” she added.
Gonçalves added that the partnership is the latest step in a series of investments and commitments made by ADM to become leaders in the alternative protein space, which include the acquisition of Sojaprotein and the recent $300m investment to expand its soy protein concentrate production in Decatur, Illinois.
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August 11, 2022 at 10:57PM
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ADM to commercialize Benson Hill ultra-high protein soy ingredients with first products to launch in early 2023 - FoodNavigator-USA.com
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