Every day our researchers read through the top innovation headlines and provide their expert opinions on important developments and industry news. Our analysts then evaluate news based on potential importance ranking the developments from Truly Disruptive to Ignore.
On Fridays we highlight our Lux Take on the top news for the week. Check out our thoughts on the latest emerging technology and innovation news for the past week below.
ADM expands plant protein production capacity with USD 300 million investment
Abby Terrio, Senior Research Associate
Lux Take: Average Importance
"ADM announced plans to invest USD 300 million to expand its alternative protein production facility in Decatur, Illinois, specifically expanding its soy protein and extrusion capabilities. It is also set to build a protein innovation center and enhance its production capabilities in line with company climate goals. The project is set to finish in 2025. This announcement follows ADM's acquisition of Sojaprotein in 2021. These investments and acquisitions will increase ADM's protein production capacity by 30%. Investment in alternative proteins is rising; output must rise to meet demand. Shortages in commodities may accelerate progress in innovation and meeting sustainability goals as well. Expect significant manufacturing investments in 2022."