Bunge has announced plans to invest around $550 million to build a soy protein concentrate (SPC) facility in Indiana, US.

The facility, which will be adjacent to and integrated with the company’s soybean processing plant in Morristown, is expected to be commissioned in mid-2025, creating around 70 full-time jobs.

“As the world’s largest oilseed processor, plant proteins are a natural extension of our industry-leading oils, fats and speciality ingredient portfolio,” said Bunge CEO, Greg Heckman.

“This new facility is an important step in our long-term strategy to strengthen our capabilities in downstream higher-value food ingredients.”

With construction set to begin next year, the Morristown facility is expected to ultimately process an additional around 4.5 million bushels of soybeans, producing SPC and textured SPC for markets such as plant-based foods and processed meat.

Bunge also recently invested $10 million to enhance its plant protein technical capabilities at its Creative Solutions Center near its St. Louis headquarters, and the site now offers commercial pilot plants for meat and dairy alternatives.

“Creating authentic meat and dairy experiences from plants requires specialised teams, high-quality ingredients and strong innovation capabilities,” said Kaleb Belzer, vice president and general manager, protein ingredients.

“At Bunge’s plant protein R&D facility, our experienced scientists and technical team test, develop, enhance and modify products alongside our customers so they can deliver food products with exceptional sensory, nutrition and sustainability benefits to consumers around the world.”

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