Plant Power: ADM And Solugen's Big Bet On Bio-Based Chemicals To Transform Industries
Portfolio Pulse from Shivani Kumaresan
Archer-Daniels-Midland Company (NYSE:ADM) has partnered with Solugen to scale a range of plant-based specialty chemicals and bio-based building block molecules in a new manufacturing facility in Marshall, Minnesota. The facility will use dextrose from ADM to scale its current line of lower-carbon organic acids and develop molecules to replace existing fossil fuel-based materials. The parties are also planning to explore commercialization opportunities of the biomaterials.
October 30, 2023 | 4:53 pm
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ADM's partnership with Solugen to scale plant-based specialty chemicals could diversify its product stream and open new commercialization opportunities. This could potentially boost ADM's revenues and stock price.
The partnership with Solugen allows ADM to diversify its product stream by scaling plant-based specialty chemicals. This could potentially open new commercialization opportunities and increase revenues, which could positively impact the stock price.
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