Monday, September 25, 2023

Benson Hill Finalizes First Commercial Harvest of Ultra-High Protein Soybean Varieties to Scale Production of its Innovative Soybean Ingredient Portfolio

Benson Hill, Inc., a food tech company unlocking the natural genetic diversity of plants with its cutting-edge food innovation engine, is finalizing the 2021 harvest of its proprietary soybean varieties, including the first commercial plantings of its Ultra-High Protein (UHP) soybeans. Results from the field to date demonstrate the data acquisition advantage of Benson Hill’s closed-loop supply chain and crop performance needed to meet the Company’s 2022 commercial plan.

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Benson Hill leverages seed innovation and an integrated supply chain model to help solve downstream food formulation challenges upstream in the farmer’s field. The 2021 harvest of identity-preserved, proprietary soybeans with favorable protein, anti-nutrient, and oleic oil profiles will source the Company’s portfolio of nutritious and sustainable ingredients designed to serve the alternative plant-based meat, specialty cooking oil and other human food, animal feed, and aquaculture markets. The strong 2021 harvest results are an important landmark as the Company continues to execute its strategic plan to be the ‘picks and shovels’ of the plant-based food revolution.

Benson Hill measured the soy protein level, oil content, and non-GMO status across the UHP fields it contracted even before harvest was complete. The Company believes this visibility enables improved product operational efficiencies and confidence in the 2022 revenue potential for its Ingredient segment, an area where the Company expects substantial growth. Scale in this segment is further supported by Benson Hill’s recently acquired Indiana-based soy crushing facility providing commercialization of the Company’s proprietary soybean portfolio.

“The insights we have gained through this harvest demonstrate the combined power of CropOS with our integrated supply chain. Thanks to the diligent efforts of our team members and farmer partners, we are particularly pleased with the data acquisition results, which have exceeded our expectations. This work is serving to further strengthen our prediction and simulation capabilities, which inform our product pipeline, field production efforts, and future revenues,” said Matt Crisp, Chief Executive Officer of Benson Hill.

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