Agribusiness Giant Cargill Raises Bet on Plant-Protein Craze
- Additional $75 million goes to Puris plant in Minnesota
- ‘This is the future of food’ as demand climbs, Puris says
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Cargill Inc., one of the world’s biggest agricultural companies, is placing more bets on the rapidly growing meat alternatives market.
The Minneapolis-based company is investing an additional $75 million in Puris, the largest North American producer of pea protein, a chief ingredient in vegan burgers and other meat substitutes that are seeing rapid growth. Puris’ factory in Dawson, Minnesota, will double its output as a result, Cargill said Wednesday in a statement.