ADM named to Fortune list for its protein innovations
By Susan Reidy, World-Grain.com
CHICAGO, ILLINOIS, US — Archer Daniels Midland Co. (ADM) was ranked 27th on Fortune’s 2021 Change the World list, which ranks the top 50 companies making a positive impact through practices that are part of their core corporate purposes.
ADM has pioneered innovations in protein for more than seven decades, starting in the 1950s and 1960s and the invention of textured vegetable protein. The company patented it as the first plant-based meat alternative and created the world’s first soy-based patty in 1991.
Now, ADM focuses on taste, texture and functionality to create protein solutions that are applicable to a variety of cultures around the world.
It also has made large-scale investments in protein solutions spanning plant-based, cell-based, microbial fermentation, insect and more.
“The future of food is dependent on finding sustainable and diverse protein sources that will feed the world for years to come,” said Juan Luciano, chairman and chief executive officer. “As a global leader in protein nutrition solutions with tremendous scale and expertise at our fingertips, ADM is uniquely positioned to drive the next wave of protein innovations.”
According to research, by 2050, the world will need to produce 60% more food to feed a growing population...