Archer Daniels Midland (ADM) has announced a $250 million investment to build a soy protein production complex in Campo Grande, Brazil to help the company meet growing consumer demand for protein. The facility will be located alongside ADM’s existing soy processing plant in Campo Grand and will produce a range of functional protein concentrates and isolates. Construction of the facility is scheduled to begin in the third quarter of 2014. ADM is one of the largest agribusinesses in Brazil controlling four soy processing facilities, the largest biodiesel plant in the country, four fertilizer plants, one cocoa processing plant, a sugar cane processing facility that produces ethanol, and 40 elevators.
To receive relevant news stories with summaries provided by GAI Research & Insight, subscribe to Global AgDevelopments, our free bi-weekly enhanced eNews service