ADMwill invest to significantly expand starch production at its Marshall, MN, facility in order to meet fast-growing demand from the food and beverage sectors, and to support the continued expansion of the company’sBioSolutions platform.
“We’re continuing to evolve our Carbohydrate Solutions business to align with growing and changing demand, driven by the global trends of food security and sustainability,” said Chris Cuddy, president of ADM’s Carbohydrate Solutions business.
“Three years ago, we announced that we would be phasing out production of high-fructose corn syrup at Marshall and expanding starch production to support increasing demand for products like sustainable packaging.
"In the short time since then, demand has continued to expand, both for food and beverage customers as well as for the broad array of plant-based products that make up our fast-growing BioSolutions platform," Cuddy continues.
"This significant capacity expansion will help ensure that we can continue to meet our customers’ needs across this broad portfolio.”
ADM's sustainable, plant-based solutions
ADM的BioSolutions平台满足更多的需求sustainable products and solutions across a wide variety of applications, from construction to packaging to personal care. BioSolutions delivered $100 million in new annualized revenue in 2021, and has continued swift expansion, with $55 million in new sales growth in 2022.
“We’re continuing to expand the frontier of what is possible to meet demand for sustainable, plant-based products and solutions,” Cuddy continued. “From ourbioplastics agreement with LG Chem, toour work with NET Power and 8 Rivers to build a zero-emissions power plant in Decatur, toour advancement of the decarbonization of our footprint, we’re powering growth and living our purpose with the continued evolution of our Carbohydrates Solutions business.”
马歇尔计划预计将完成the second half of 2023.
