Louis
Dreyfus Company will create a new Food & Feed Solutions Platform with the
beginning of the year. It is expected to become a solid base for the execution
of the company’s strategy to diversify revenue streams by transforming or
upcycling agri-commodity by-products into value-added products and solutions.
Louis Dreyfus Company B.V. (LDC) announced the creation of a new Food & Feed Solutions Platform (or business line) within its Value Chain Segment from January 2023, to address favorable market trends and customer preferences toward healthy, nature-based products. The new platform will focus on developing and growing LDC’s presence in the lecithin, glycerin and specialty feed protein space, leveraging the Group’s strong raw material origination and processing capabilities.
“Demand growth for ingredients of natural origin is accelerating, fueled by increasing use in functional foods, nutraceutical products, personal care products and other non-food and industry applications,” said Michael Gelchie, LDC’s Chief Executive Officer. “As part of LDC’s strategic plans for revenue diversification through more value-added products, we see an opportunity to participate in this rapidly growing nature-based ingredients market.”
With its global asset network and market presence, the Group is well-placed to scale up its participation in the nature-based ingredients market, both through organic growth of production capacity and through targeted acquisitions and investments to diversify and expand the geographic scope of its portfolio.
“We expect the new Food & Feed Solutions Platform to become a solid base for the execution of LDC’s strategy to diversify revenue streams by transforming or upcycling agri-commodity by-products into value-added products and solutions. To achieve this, we will build on existing capabilities in the processing of oilseeds, oils and lipids ingredients and, eventually, other processing derivatives from LDC’s existing product portfolio,” said James Zhou, LDC’s Chief Commercial Officer, who will also lead the new Platform as Head of Food & Feed Solutions.