AFRICA'S NO.1 FOOD, BEVERAGE & MILLING INDUSTRY MAGAZINE

JBS, ADM double down on sustainability commitments in new push towards achieving carbon neutrality

Mar 26, 2021Mar 26, 2021 Editor

BRAZIL – Food multinational companies, JBS and ADM have made new sustainability commitments as part of efforts aimed at ridding their processes of carbon emissions which have been associated with environmental pollution and climate change. On its part, JBS, which is the world’s largest processor of fresh beef and pork, has committed to achieving net-zero greenhouse gas emissions by 2040. The company says it supports its commitment with an investment of more than US$1 billion over the next decade. The commitment spans the company’s global operations including Pilgrim’s Pride, as…

Air Protein raises US$32m in funding round led by ADM, to develop a meat alternative out of thin air

Jan 8, 2021Jan 8, 2021 Editor

US – California based Food technology start-up, Air Protein, has announced a US$32 million Series A funding round led by Archer Daniels Midland (ADM), with participation from Barclays and GV (formerly Google Ventures). The company, founded by former strategy consultant Lisa Dyson, who also has a doctorate in physics, is built around 1960s-era NASA research about how astronauts could convert carbon dioxide into food. The space agency looked at hydrogenotrophs — common microbes, some of which live in the human gut — that can be used to turn carbon dioxide…

Agricultural commoditites trader ADM partners InnovaFeed to build US insect protein plant

Nov 20, 2020Nov 20, 2020 Editor

US – Archer Daniels Midland, one of the world’s largest trader of agricultural commodities, in collaboration with InnovaFeed has unveiled plans to build a new insect protein facility in Decatur, Illinois, US. According to a statement from ADM, the new facility whose construction is targeted to begin in 2021 pending necessary permitting and approvals, will produce insect feed as a protein ingredient in animal feed. Once completed, the plant will have a target annual production capacity of 60,000 tonnes of animal feed protein derived from Hermetia Illucens. The plant will…

ADM unveils Wisium feed premix portfolio in Canada as corporate venture arm invests in microbiome focused fund

Nov 6, 2020Nov 6, 2020 Editor

CANADA – Archer Daniels Midland Co. (ADM) has unveiled its Wisium premix and nutrition services brand in eastern Canada even as its corporate venture capital arm, ADM Ventures injected funds into a microbiome focused fund. Following the launch, Wisium offerings will be now available in Quebec, Ontario and Maritimes include Transi Up, Egg Quality Concept, Feet Up, and PURlite. Near Infrared Technologies offering quick predictions of nutrient values to ensure quality of raw materials and finished feeds. In addition, Wisium will offer Near Infrared Technologies that provide quick predictions of…

ADM looks forward to a strong Q4 following a challenging third quarter

Nov 4, 2020Nov 4, 2020 Editor

US – American multinational food processing and commodities trading corporation Archer Daniels Midland Co. (ADM) has released Q3 results which depict a challenging quarter occasioned by the COVID-19 pandemic. The company’s net earnings for the third quarter ended September 30, 2020 dropped to US$225 million from a high of $407 million recorded in the same period a year ago. ADM’s revenue for the quarter slipped to US$15.12 billion compared to US$16.72 billion in the previous period. ADM’s Ag Services & Oilseeds business recorded strong quarterly results, posting earnings of $436…

ADM, Marfrig joint venture PlantPlus receives approval to offer plant-based foods in America

Oct 27, 2020Oct 27, 2020 Editor

US — American multinational food processing and commodities trading corporation, Archer Daniels Midland Co. and Marfrig have received regulatory approval for their PlantPlus Foods joint venture. The approval gives PlantPlus Foods the green light to offer a range of finished plant-based food products across North America and South America. “We’re excited to take this important step forward as we bring together the tremendous resources of two leaders in nutrition,” said Marcos Molina, founder and chairman of Marfrig. “PlantPlus Foods is born of two companies that had a common vision to…

ADM invests in new microbiome solutions production facility in response to growing demand

Oct 23, 2020Oct 23, 2020 Editor

USA – ADM has announced plans to build a new state-of-the-art facility in Valencia, Spain, as it looks to ramp up production of its microbiome solutions in response to growing demand. The expansion project represents a five-fold increase in probiotics production capacity through ADM Biopolis, a leading provider of microbial technologies based in Spain. “Our new Valencia facility will feature leading-edge technology and dramatically enhance our ability to meet fast-growing demand for products and solutions from nature designed to target the microbiome and help improve metabolic health,” said Ian Pinner,…

ADM expands its protein portfolio with the launch of textured wheat and pea ingredients

Sep 26, 2020Sep 26, 2020 Editor

USA – The Archer-Daniels-Midland Company (ADM), a food processing and commodities trading corporation, has expanded its protein portfolio with textured wheat and pea ingredients that will improve the texture and density of meat alternatives. The Arcon T texture pea protein comes in two forms: one which is a blend of pea protein and chickpeas; and another which blends pea protein with navy beans. These join ADM’s portfolio alongside ProFam pea protein powder which launched in 2019. The highly functional protein solutions are said to be useful for achieving consumer-preferred meat-like…

ADM completes secondary block trade of portion of Wilmar’s ownership for US$550m

Aug 24, 2020Aug 24, 2020 Editor

USA – The Archer-Daniels-Midland Company (ADM), an American global food processing and commodities trading corporation, has completed the sale of its secondary block trade of shares in its Singapore-based agribusiness joint-venture, Wilmar, for approximately US$550 million. Following the transaction, ADM will retain at least a 20% strategic ownership stake in the company. In 2018, ADM chairman and CEO Juan Luciano told investors that ADM’s stake in Wilmar had surpassed the 25% mark which was a milestone in the company’s growth journey. ADM expects to use the net proceeds from the deal…

ADM partners with Indian plant-based meat venture Imagine Meats to expand its footprints

Jul 29, 2020Jul 29, 2020 Editor

INDIA – Archer Daniels Midland Company (ADM), global food processing and commodities trading corporation, has partnered with Imagine Meats, a plant-based meat venture in India, as it focuses on global expansion. As the meatless movement breaks into the Indian market, Imagine Meats is leveraging ADM’s portfolio of protein ingredients and applications labs to create traditional Indian dishes and other popular products like kebabs, biryanis and curries, reports FoodIngredientsFirst. “Although 70 percent of the population in India is still non-vegetarian, the country’s meat industry is facing increasing competition from plant-based solutions,” Sanjay Laud, Managing Director at ADM…