ADM and Marfrig announced ‘plant-based’ joint venture
May 28, 2020 By Ken Anderson Filed Under: News
Archer Daniels Midland (ADM) and Brazilian beef processor Marfrig have announced a joint venture to create plant-based meat substitutes for the South and North American markets.
Under the new venture, called PlantPlus, Marfrig will handle
production and distribution of new plant-based products using its South
American facilities. ADM will provide technical expertise and plant-based ingredients
through its network of U.S.-based facilities, including a new pea protein plant
in North Dakota.
The two companies have already been working together to
produce plant-based meat substitutes for the South American market.
Marfrig is one of the world’s leading beef producers and the
world’s largest beef patty producer.
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