Primient Invests $700 Million to Advance Plant-Based Ingredient Production in the US

Primient, a plant-based food and industrial ingredients supplier, has announced a $700 million investment in advancing sustainable ingredient production across its operational network in the United States. The investment will be rolled out over the next five years, with a focus on upgrading production assets and methodologies to enhance product quality and ensure long-term production capabilities. Significant enhancements will be made to the company's Decatur, Illinois facility, with $400 million allocated for infrastructural and operational improvements.

The investment has been supported by an Economic Development for a Growing Economy (EDGE) tax credit, facilitating job creation in Decatur, Illinois. This investment aligns with the state of Illinois' commitment to the bioeconomy, as evidenced by a $680 million investment in the Illinois Fermentation and Agriculture Biomanufacturing (iFAB) Tech Hub. Governor JB Pritzker and Decatur mayor Julie Wolfe Moore have expressed excitement and support for Primient's investment, citing its positive impact on the community and the future potential of the bioeconomy in the state.