Primient, a plant-based food and industrial ingredient producer, has announced a capital investment exceeding $700m across its operational footprint.
The five-year phased investment aims to set a new industry standard in plant-based ingredients, strengthen Primient’s position in the market and take a “visionary approach” toward a more sustainable future.
Primient, headquartered in Illinois, US, has developed its investment strategy to drive purposeful modernisation in critical production assets and processes, and ensure high-quality, reliable production for decades to come.
As part of the wider investment, Primient is injecting $400 million into upgrading its site in Decatur. In a statement, the company described this as “key to unlocking potential across the business”.
Significant planned investments extend to Primient’s wet milling operations in Lafayette, Indiana, and Loudon, Tennessee, where operational and infrastructure upgrades are already working to deliver material step changes in essential unit operations such as refining and drying.
According to Primient, it has also become the industry’s only corn wet miller to completely phase out coal and transition to more sustainable energy sources across all facilities.
Jim Stutelberg, CEO at Primient, commented: “The scale of investments – particularly in the Decatur operations – is unmatched in our industry and clearly signals our ambition to be the partner of choice now and for the future”.
© FoodBev Media Ltd 2024
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