Solugen and ADM Announce Strategic Partnership to Meet Increasing Demand for Sustainable Products with New Biomanufacturing Facility in the U.S. Midwest
30 Octobre 2023 - 2:00PM
Business Wire
- Solugen to build groundbreaking production facility adjacent to
ADM’s Marshall, Minnesota, corn complex.
- ADM to provide dextrose as feedstock for production of
innovative plant-based organic acids for use in wide variety of
consumer and industrial products.
- Potential for companies to collaborate on broader
commercialization opportunities spanning fast-growing sectors.
Solugen, a rapidly scaling climate technology company that is
reimagining the chemistry of everyday life, and ADM (NYSE:ADM), a
global leader in sustainable solutions, today announced a strategic
partnership to scale a range of innovative, plant-based specialty
chemicals and bio-based building block molecules in a new
manufacturing facility in Marshall, Minnesota.
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the full release here:
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ADM’s corn processing complex in
Marshall, Minnesota (Photo Credit: City of Marshall)
Under the terms of the agreement, Solugen will build a new
500,000-square-foot biomanufacturing facility adjacent to ADM’s
existing corn complex in Marshall. The facility will utilize
ADM-provided dextrose to scale its current line of lower-carbon
organic acids and develop new, innovative molecules to replace
existing fossil fuel-based materials. The companies also plan to
collaborate on commercialization opportunities of these
biomaterials for a range of applications including energy, water
treatment, agriculture, construction materials, cleaning, personal
care, and more.
“The strategic partnership with ADM will allow Solugen to bring
our chemienzymatic process to a commercial scale and meet existing
customer demand for our high-performance, cost-competitive,
sustainable products,” said Gaurab Chakrabarti, Co-Founder and CEO
of Solugen. “As one of the few scaled-up and de-risked
biomanufacturing assets in the country, Solugen’s Bioforge platform
is helping bolster domestic capabilities and supply chains that are
critical in ensuring the U.S. reaches its ambitious climate
targets.”
Leveraging a first-of-its-kind combination of computationally
engineered enzymes and metal catalysts, Solugen’s Bioforge converts
plant-derived substances into essential materials that have
traditionally been made from fossil fuels. The high efficiency and
scalability of Solugen’s process can offer a significant reduction
in carbon footprint compared with conventional ingredients.
“Sustainability is one of the enduring global trends powering
ADM’s growth and underpinning the strategic evolution of our
Carbohydrate Solutions business,” said Chris Cuddy, president of
ADM’s Carbohydrate Solutions business. “ADM is one of the largest
dextrose producers in the world, and this strategic partnership
will allow us to further diversify our product stream as we
continue to support plant-based solutions spanning sustainable
packaging, pharma, plant health, construction, fermentation, and
home and personal care.”
Solugen plans to begin offsite construction this year and
on-site construction in early 2024. The initial phase, which is
scheduled to start up in the first half of 2025, is expected to
create at least 40 permanent jobs and another 100 temporary
construction jobs during commissioning.
“The initial phase of the project will significantly increase
Solugen’s manufacturing capacity, which is critical for
commercializing our existing line of molecules and kicks off plans
for a multi-phase large-scale U.S. Bioforge buildout,” said Sean
Hunt, Co-Founder and CTO of Solugen. “The increase in capacity will
also free up our Houston operation for research and development
efforts into additional molecules and market applications.”
With a robust and cost-competitive supply of corn, alongside
advanced corn-to-dextrose conversion technology, Marshall is the
ideal location to support the scale of Solugen’s products. The city
boasts a vibrant community, a pool of skilled workforce, and a
proactive approach from local and regional governments, all eager
to welcome innovative, high-tech industries.
"As a community with a strong foundation of agriculture and
innovation, we look forward to welcoming Solugen to Marshall. This
industry-leading facility will serve as a powerful economic driver
for the city, creating new jobs and diversifying our industry,”
said City of Marshall Mayor Bob Byrnes. "We are thankful for ADM’s
longstanding commitment and impact to Marshall, which has paved the
way for this remarkable partnership and continues to further
economic growth to our region."
About ADM
ADM unlocks the power of nature to enrich the quality of life.
We’re a premier global human and animal nutrition company,
delivering solutions today with an eye to the future. We’re blazing
new trails in health and well-being as our scientists develop
groundbreaking products to support healthier living. We’re a
cutting-edge innovator leading the way to a new future of
plant-based consumer and industrial solutions to replace
petroleum-based products. We’re an unmatched agricultural supply
chain manager and processor, providing food security by connecting
local needs with global capabilities. And we’re a leader in
sustainability, scaling across entire value chains to help
decarbonize our industry and safeguard our planet. From the seed of
the idea to the outcome of the solution, we give customers an edge
in solving the nutritional and sustainability challenges of today
and tomorrow. Learn more at www.adm.com.
About Solugen
Solugen is a groundbreaking technology company on a bold mission
to decarbonize the physical world. At the heart of our innovation
is the world’s first sustainable molecule factory—the Bioforge.
This unique manufacturing platform uses a chemienzymatic process to
convert plant-derived substances into essential materials that have
historically been made from fossil fuels—all with no or low
emissions and waste. A highly scalable and localized alternative to
conventional approaches, the Bioforge enables us to produce a range
of high-performance, cost-competitive, and sustainable solutions to
meet the diverse needs of our customers.
For more information, visit www.solugen.com. For our press kit,
visit www.solugen.com/press-kit.
Source: ADM
Source: Corporate release
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version on businesswire.com: https://www.businesswire.com/news/home/20231030550926/en/
ADM Jackie Anderson media@adm.com 312-634-8484 Solugen Tom
Richardson info@solugen.com
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