Markets
  • Corn$4.97/bu-1.0%
  • Soybeans$12.77/bu-0.5%
  • Soybean meal$347.00/US ton-1.8%
  • Soybean oil$0.6863/lb+1.9%
  • SRW wheat$6.83/bu+0.0%
  • HRW wheat$7.34/bu-0.4%
  • Live cattle$221.40/cwt-0.8%
  • Feeder cattle$331.07/cwt-1.6%
  • Lean hogs$70.08/cwt+1.7%
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5 stories for “plant and equipment”Page 1 of 1
Commodity Markets

CJ CheilJedang and ADM Form Joint Venture for Feed-Grade Amino Acid Business in the Americas

South Korea's CJ CheilJedang Corp has signed an agreement with U.S. grain giant Archer Daniels Midland (ADM) to establish a joint venture targeting the feed-grade amino acid market in the Americas. CJ BioAmerica will hold a 63% stake and ADM 37%, with both companies contributing production facilities and business assets. The deal aims to combine CJ CheilJedang's fermentation technology with ADM's grain supply chain and logistics, pending regulatory approval.

2 min read
Animal Nutrition

ADM Commits $55.5M to Convert Clinton, Iowa Facility into Precision Fermentation Plant

Archer Daniels Midland (ADM) is investing $55.5 million to repurpose an underutilised fermentation facility in Clinton, Iowa, into a precision fermentation operation, with Iowa state authorities approving $2.23 million in tax credits to support the project. The conversion is expected to expand ADM's capacity to produce high-value proteins and enzymes for food, feed, and industrial markets.

2 min read
Global Feed

Enifer Begins Commissioning Industrial-Scale Mycoprotein Factory in Finland

Finnish biotechnology company Enifer has started commissioning its first industrial-scale PEKILO® mycoprotein facility in Kantvik, Finland, with a planned output of 500 kg of dry mycoprotein per hour. The plant, funded partly through the EU's NextGenerationEU programme, aims to strengthen Finland's domestic protein supply for animal feed as the country's self-sufficiency in supplementary plant-based protein stands at only around 15%.

2 min read