MORRISTOWN, Ind. — Bunge hosted a groundbreaking ceremony for a $550 million fully integrated soy protein concentrate and textured soy protein concentrate facility July 6 in Morristown.
The plant is expected to be commissioned mid-2025 and will create around 70 full-time jobs. It will process 4.5 million bushels of soybeans.
“As the world’s largest oilseed processor, plant proteins are a natural extension of our industry leading oils, fats and specialty ingredient portfolio,” said Greg Heckman, Bunge CEO.
“This new facility is an important step in our long-term strategy to strengthen our capabilities in downstream higher value food ingredients.”
The facility is expected to add significant scale, efficiencies and non-GMO capability to the company’s existing U.S.-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.
In A Nutshell
• The facility is adjacent to and integrated with Bunge’s soybean processing plant.
• The plant will create around 70 full-time jobs.
• Expected to process 4.5 million bushels of soybeans.
• Facility to meet rising customer demand for key ingredients in the production of plant-based foods, processed meat, pet food and feed products.
Learn more at www.bunge.com.