MINNEAPOLIS — Calyxt has entered into a soybean crushing agreement with Landus Cooperative to expand its network of processing partners.
Under terms of the agreement, Landus Cooperative, will manufacture, purchase and distribute soybean meal. It also positions Calyxt’s high oleic soybean meal as an ingredient for the dairy nutrition market.
“We’re excited to work with another cooperative of superior caliber, thereby expanding our geographic footprint and improving scalability, which better positions us to operationalize our go-to-market strategy and serve large global consumer packaged goods brands,” said James A. Blome, chief executive officer of Calyxt. “Landus Cooperative’s well-established position as a leader in the dairy nutrition space will only bolster our reputation and further establishes trust in us as a healthy food ingredients company.”
Calyxt high oleic soybeans will be processed in Landus Cooperative’s crush plant in Ralston, Iowa, which uses more than 21 million bus of soybeans annually.
“Calyxt is a bridge between consumers and food companies looking to domestically source healthier and more sustainable ingredients, and the potential benefits of high oleic soybean meal make this an exciting new alternative,” said Milan Kucerak, c.e.o. of Landus Cooperative. “We have long been the tie between the farmer and end-user markets. With Calyxt’s unique technology, our shared vision is now for specific acres to be planted for a targeted, consumer-destined purpose, in turn, elevating the value of what was once just a commodity.”
Landus Cooperative, a farmer-owned cooperative, aggregates more than 170 million bushels of corn and soybeans annually. Headquartered in Ames, Iowa, Landus Cooperative has locations in more than 60 communities in Iowa, approximately 7,000 members and annual revenues of more than $1.2 billion.