Tag: Cargill

Cargill sells stake in Alvean joint venture to Brazilian partner Copersucar

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BRAZIL – Agricultural commodities trading giant, Cargill has agreed to offload its 50% stake in the Alvean sugar trading joint venture to its Brazilian partner and world’s largest sugar and ethanol company, Copersucar. Upon completion of the transaction, Cargill will exit the global sugar trading business, in line with its strategic goal of focusing more on its core food, agriculture, and trading businesses. The agricultural commodities traders however say that it will remain active in both global commodity trading as well as the sugar ingredient business in Brazil, Mexico, and…

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Commodity trading giant Cargill appoints first female chief finance officer

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US – America’s largest privately owned corporation, Cargill has appointed Jamie Miller as the company’s new chief financial officer (CFO). Her appointment becomes effective on June 1. Miller, who succeeds David Dines, will become the first women to hold the position in the company’s history that spans over 156 years. Cargill said that David Dines who has served as the company’s CFO since 2018  is retiring later this year after 29 years with the company. Miller joins the American agricultural conglomerate from General Electric where she was the senior vice…

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Cargill’s Thailand facilities to run on clean energy in new partnership with Cleantech Solar

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THAILAND – Agricultural commodities trader Cargill has partnered with Cleantech Solar to power its Thailand operations with clean energy. Under the partnership, Cleantech Solar completed rooftop solar PV systems at four Cargill sites across Thailand. Cleantech Solar funded, built, and will operate and maintain the systems under a long-term agreement with the US-based agricultural commodities conglomerate. The solar power plants have a combined capacity of 2.4 MW and are expected to generate over 3,000 MWh of clean electricity in a year, equivalent to reducing 1,750 tonnes of CO2. This represents…

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Cargill to boost U.S. soy crush capacity, plant efficiency as Bunge Completes Sale of Rotterdam Refinery

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US –  U.S. agricultural commodities trader Cargill Inc is expanding soybean processing capacity at two large Midwest crush plants and increasing efficiency at five other U.S. facilities to meet the growing demand for food and fuel. The development is happening at a time when leading producer and supplier of specialty plant-based oils and fats Bunge has completed the sale of its refinery located in Rotterdam to Neste Bunge plans to lease back the facility from Neste in a phased transition through the end of 2024 so that it can continue…

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Cargill, Tesco launch initiative to boost sustainable seafood production

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US – Improving ocean diversity and reducing the seafood industry’s carbon emissions are at the heart of two major programs run by US agricultural commodities conglomerate Cargill and British multinational retailer Tesco. Each of the multinationals is spearheading its own initiatives to turn the tide of unsustainable aquaculture and depleted ocean stocks. Among its targets, Cargill’s new SeaFurther program has set a path to cut emissions from salmon farming by 30 percent. It further aims to save two billion kilograms of CO2 by 2030, while saving energy on the high…

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Cargill promotes long serving executive Brian Sikes to chief operating officer

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US – Brian Sikes, a long serving Cargill executive, has been promoted by the board of the US agricultural conglomerate to the role of chief operating officer (COO). According to a statement from Cargill, Brian will also serve as a management director on the company’s board. Sikes joined Cargill in 1991 and has held a number of leadership positions in the company’s protein business in North America and Europe. Cargill says that under Sikes’ leadership, it has been able to expand protein offerings around the world, as well as launch…

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Cargill unveils new seaweed powder to accentuate smooth and creamy textures in dairy

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US – American global food corporation Cargill has unveiled its first seaweed powder offering with an objective of accentuating the smooth and creamy textures in dairy, while offering gelling and thickening properties. The powder offering within the WavePure ADG line – WavePure ADG 8250 is entirely made from Gracilaria red seaweed, which is considered a traditional food ingredient in the EU and is perceived as a highly nutritious food thanks to its high fiber and low calorie content. The launch comes at time when consumer health priorities are narrowing industry’s…

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Cargill launches purified sea salt flour that is undetectable in food

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US – American global food conglomerate Cargill has launched Purified Sea Salt Flour, an ultra-fine cut that allows the sodium chloride to dissolve faster in liquids. According to statement from the company, the Purified Sea Salt Flour adheres better to food, resulting in less fall-off and less salt waste. Cargill says that the new purified sea salt flour also has a more consistent texture, making it undetectable in food. The fine salt particles also have the functional benefit of increasing the perception of saltiness by raising the rate of dissolution…

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Cargill acquires ProPortion Foods to expand presence in value-added protein business

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US –American based global food corporation Cargill has expanded its protein product offering though the acquisition of ProPortion Foods, a US manufacturer of meat products including portion control steaks and marinated ready-to-grill meats. The deal includes two plants, in Round Rock, Texas and Vernon, California, which will produce a variety of fully cooked protein products for Cargill’s retail and foodservice channel customers. Commenting on the acquisition, Brian Levy, a partner with ProPortion Foods, said: “We’re delighted that the business and our employees will have the opportunity to grow with Cargill,…

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Cargill, Heifer International partner to enhance poultry value chain in Kenya

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KENYA – Leading global food company Cargill in partnership with Heifer International have announced the expansion of their joint poultry project in Kenya dubbed Hatching Hope, to reach 10 million people by 2022 through a combination of direct support to farmers and consumer-awareness campaigns. The initiative is also undertaken in collaboration with the national and county governments of Kenya i.e., Kisumu, Siaya, Homabay, Migori, Nakuru, Uasin Gishu counties and Nairobi Metropolitan. Hatching Hope is a ground-breaking project that aims to increase farmer’s knowledge and resources needed to expand sustainable poultry…

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