Archer Daniels Midland Co - ADM STOCK NEWS

ADM (NYSE: ADM) celebrates its 120th anniversary, highlighting its evolution from a linseed oil business to a global leader in agriculture and nutrition. Founded in 1902 in Minneapolis, ADM now employs 41,000 people and operates in nearly 200 countries. The company emphasizes its commitment to sustainability and innovation, led by CEO Juan Luciano. To mark this milestone, ADM conducted a Fight Hunger Challenge, resulting in a donation of 1.2 million meals in partnership with major food relief organizations. For more details, visit here.

ADM and PepsiCo have entered a remarkable 7.5-year partnership to promote regenerative agriculture across North America. This initiative aims to enroll corn, soy, and wheat farmers in states like Kansas and Iowa by 2030, impacting up to 2 million acres. The collaboration intends to reduce greenhouse gas emissions by 1.4 million metric tons, equivalent to powering 275,000 homes for a year. Both companies emphasize sustainability, with ADM targeting a 25% reduction in Scope 3 emissions by 2035, aligning with PepsiCo's goal of spreading regenerative practices across 7 million acres.

ADM Chairman and CEO Juan Luciano will speak at the 2022 Barclays Consumer Staples Conference in Boston on September 7, at 3:45 p.m. EDT. The event will be streamed live on www.adm.com/webcast, with a replay available thereafter. ADM is a global leader in human and animal nutrition, focused on sustainability and the development of innovative solutions to enhance quality of life and food security.

ADM has announced a strategic partnership with New Culture, an innovator in animal-free dairy, to enhance the development and commercialization of alternative dairy products. This collaboration aims to leverage New Culture's breakthroughs in dairy alternatives, specifically their animal-free mozzarella, to tap into the $70 billion U.S. dairy market. The partnership will utilize ADM's extensive resources to accelerate production and meet consumer demand in the food service sector, starting with pizzerias in 2023.

ADM and LG Chem announced two joint ventures focused on producing lactic acid and polylactic acid in Decatur, Illinois. The joint ventures aim to fulfill the surging demand for plant-based products, specifically targeting eco-friendly bioplastics. The first venture, GreenWise Lactic, plans to produce 150,000 tons of lactic acid annually, while the second, LG Chem Illinois Biochem, aims for 75,000 tons of polylactic acid. The final investment decisions are expected in 2023, with production anticipated to start by late 2025 or early 2026.

ADM and Benson Hill have announced a long-term strategic partnership to scale innovative soy ingredients aimed at meeting the growing demand for plant-based proteins. ADM will process proprietary ingredients derived from Benson Hill's Ultra-High Protein (UHP) soybeans through an exclusive North American licensing agreement. The collaboration is expected to enhance ADM's capabilities in the alternative protein sector, which is projected to grow to $125 billion by 2030. This partnership aims to innovate and supply high-value products while engaging farmer partners in the seed-to-fork movement.

ADM (NYSE: ADM) and Benson Hill (NYSE: BHIL) have formed a long-term strategic partnership aimed at scaling innovative soy ingredients to meet the growing demand for plant-based proteins. Benson Hill's proprietary Ultra-High Protein soybeans will be processed and commercialized by ADM under an exclusive North American licensing agreement, targeting various food and beverage markets. The partnership leverages Benson Hill's genetics for sustainable and less-processed proteins, with projections indicating a substantial growth in alternative protein sales, expected to reach $125 billion by 2030.

ADM has announced the appointment of Jim Collins, former CEO of Corteva, to its Board of Directors, enhancing its leadership in sustainability and global agriculture. Chairman Juan Luciano highlighted Collins' extensive experience and commitment to innovation. Furthermore, ADM declared a cash dividend of 40.0 cents per share, payable on Sept. 7, 2022, to shareholders of record on Aug. 17, 2022. This marks ADM’s 363rd consecutive quarterly dividend payment, showcasing its long-term dedication to shareholder returns.

ADM has appointed Megan Britt as the new vice president of Investor Relations. With over 20 years of experience in the food and agriculture sectors, Britt previously held similar roles at Tyson Foods and Corteva Agriscience. Chief Financial Officer Vikram Luthar emphasized the importance of Britt's expertise in sharing ADM's growth story with investors. ADM is focused on aligning its portfolio with major growth trends in the industry while continuing to drive shareholder value.