Benson Hill leverages seed innovation and an built-in provide chain mannequin to assist resolve downstream meals formulation challenges upstream within the farmer’s discipline. The 2021 harvest of identity-preserved, proprietary soybeans with favorable protein, anti-nutrient, and oleic oil profiles will supply the Firm’s portfolio of nutritious and sustainable substances designed to serve the choice plant-based meat, specialty cooking oil and different human meals, animal feed, and aquaculture markets. The sturdy 2021 harvest outcomes are an vital landmark because the Firm continues to execute its strategic plan to be the ‘picks and shovels’ of the plant-based meals revolution.
Benson Hill measured the soy protein degree, oil content material, and non-GMO standing throughout the UHP fields it contracted even earlier than harvest was full. The Firm believes this visibility permits improved product operational efficiencies and confidence within the 2022 income potential for its Ingredient phase, an space the place the Firm expects substantial progress. Scale on this phase is additional supported by Benson Hill’s just lately acquired Indiana-based soy crushing facility offering commercialization of the Firm’s proprietary soybean portfolio.
“The insights we have now gained by way of this harvest show the mixed energy of CropOS® with our built-in provide chain. Due to the diligent efforts of our group members and farmer companions, we’re significantly happy with the info acquisition outcomes, which have exceeded our expectations. This work is serving to additional strengthen our prediction and simulation capabilities, which inform our product pipeline, discipline manufacturing efforts, and future revenues,” mentioned Matt Crisp, Chief Govt Officer of Benson Hill. “It is also clear from our progress on contracting 2022 acreage that we’re effectively positioned to assist meet rising farmer and market curiosity in our choices. We proceed to make strategic investments in our individuals, innovation and infrastructure to leverage the super near-term alternatives within the plant-based protein market, and generate worth for our shareholders, clients and farmer companions.”
Benson Hill is constructing a world-class on-farm soy protein expression knowledge set to speed up the development of its portfolio and pipeline. Area trial knowledge from the Firm’s R&D program, Benson Hill Meals System Innovators Program (FSI) farmer trials, and its commercially planted acres have been digitized to refine the predictive capabilities of CropOS® for seed enchancment, taking farm to fork to an entire new degree and informing planted acreage plans for 2022.
The Firm companions with farmers to optimize expression of protein and different high quality traits and to enhance sustainability practices on the farm. Contracting acres for 2022 is effectively underway and commitments have already exceeded the 70,000 acres planted and harvested in 2021. Many returning farmers have elevated their acreage commitments, and the Firm is fielding in-bound curiosity from new farmers looking for to plant Benson Hill’s progressive soybean varieties that may present value-added client market alternatives.
“Rising with Benson Hill has modified the best way I measure success. Working to optimize my crop for high quality traits provides me entry to rising client markets with new alternatives for profitability on my farm,” mentioned Ben Thompson, B&A Thompson Grain Farm, Seymour, Indiana. “Benson Hill desires to make an affect on the well being and sustainability of our meals system. I like that, and I like that they deal with me like an actual accomplice to assist obtain it.”
About Benson Hill
Benson Hill strikes meals ahead with the CropOS® platform, a cutting-edge meals innovation engine that mixes knowledge science and machine studying with biology and genetics. Benson Hill empowers innovators to unlock nature’s genetic range from plant to plate, with the aim of making nutritious, great-tasting meals and ingredient choices which might be each broadly accessible and sustainable. Extra data will be discovered at bensonhill.com or on Twitter at @bensonhillinc.
Cautionary Observe Concerning Ahead-Trying Statements
Sure statements on this press launch could also be thought-about “forward-looking statements” inside the which means of Part 27A of the Securities Act of 1933 and Part 21E of the Securities Alternate Act of 1934. Ahead-looking statements typically relate to future occasions or the Firm’s future monetary or working efficiency, and could also be recognized by phrases reminiscent of “might,” “ought to,” “count on,” “intend,” “will,” “estimate,” “anticipate,” “consider,” “predict,” or related phrases. These forward-looking statements are based mostly upon assumptions made by the Firm as of the date hereof and are topic to dangers, uncertainties, and different components that might trigger precise outcomes to vary materially from these expressed or implied by such forward-looking statements. These forward-looking statements embody, amongst different issues, statements concerning our technique and our plans for progress, statements concerning the anticipated future efficiency of our expertise and enterprise mannequin, and statements concerning the anticipated advantages, capabilities, and expectations of our new Crop Accelerator facility, our 2021 harvest of proprietary soybean varieties, and our newly acquired Indiana-based soy crushing facility. Components which will trigger precise outcomes to vary materially from present expectations embody, however should not restricted to, dangers related to the efficiency of the Firm’s proprietary soybean varieties and our potential to validate the identical, dangers related to farmer commitments for acreage, our potential to develop and handle progress profitably, our potential to execute our enterprise plans, our transition to changing into a public firm, and different dangers and uncertainties set forth within the sections entitled “Threat Components” and “Cautionary Observe Concerning Ahead-Trying Statements” in our filings with the Securities and Alternate Fee (“SEC”), which can be found on the SEC’s web site at www.sec.gov. We expressly disclaim any obligation to replace these forward-looking statements, besides as in any other case required by regulation.
Contacts
Buyers: Ruben Mella: (314) 714-6313 / [email protected]
Media: Melanie Bernds: (314) 605-6363 / [email protected]
Media Kit
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