Bunge to Build USD550m Soy Processing Facility in Indiana

Agriculture commodities trader Bunge will invest about USD550m to build a soy protein concentrate facility in Indiana to cater to a rising demand for plant-based food products and processed meats.

The new facility, which is adjacent to the company’s soybean processing plant in Morristown, is expected to process an additional 4.5 million bushels of soybeans. The construction is likely to start in the first quarter of 2023 and be commissioned by mid-2025, Bunge said.

The investment is part of a broader U.S. expansion of oilseed-processing capacity as demand rises for food, animal feed and vegetable oils used in producing renewable fuels.

Soy protein concentrate is used to make meat alternatives, but also helps to increase nutritional value in existing meat and poultry products.

Bunge also operates a soy protein concentrate operation in Bellevue, Ohio.