Two joint ventures intend to produce 150,000 tons of lactic acid and 75,000 tons of polylactic acid annually to meet the growing demand for plant-based solutions, including eco-friendly bioplasticsIntended location for new production facilities will be Decatur, Illinois, U.S., with the final investment decision to be made in 2023 SEOUL, SOUTH KOREA & CHICAGO, U.S., AUGUST 16, 2022 – LG Chem (KRX: 051910), a leading global diversified chemical company, and ADM (NYSE: ADM), a global leader … [Read more...] about LG Chem and ADM Launch Joint Ventures, Announce Intended Location for U.S. Production of Lactic Acid and Polylactic Acid Production
Factory Talk
Announcing $115 Million Series B Funding Round for Afresh
As the leading AI-powered fresh food technology provider, we’re proud to announce a $115 million Series B funding round led by Spark Capital with participation from Insight Partners, VMG Partners, and Bright Pixel Capital. Walter Robb, senior executive partner at S2G Ventures and former co-CEO of Whole Foods Market, also joined the round. All prior investors, including Maersk Growth, High Sage, and Innovation Endeavors, also participated in the round, bringing our total funding to $148 … [Read more...] about Announcing $115 Million Series B Funding Round for Afresh
ADM and Benson Hill Partner to Scale Innovative Ultra-High Protein Soy for North American Food Ingredient Markets
Strategic Partnership to Serve Growing Demand for Alternative Protein by Leveraging Benson Hill’s Proprietary Ultra-High Protein Soybeans and ADM’s World-Class Production and Commercial Capabilities CHICAGO and ST. LOUIS, August 8, 2022– ADM (NYSE: ADM), a global leader in alternative protein and nutrition products and solutions, and Benson Hill, Inc. (NYSE: BHIL), a food tech company unlocking the natural genetic diversity of plants, today announced a long-term strategic partnership to scale … [Read more...] about ADM and Benson Hill Partner to Scale Innovative Ultra-High Protein Soy for North American Food Ingredient Markets
