Food & ingredients March 2023

BRIEF
PepsiCo, ADM announce groundbreaking
agreement aiming to reduce carbon intensity
Revolutionary strategic partnership between two global companies,
with footprints extending from the farm gate to iconic foods and beverages,
provides unprecedented and unique opportunity to expand regen ag at scale.
ADM and PepsiCo announced a groundbreaking 7.5-year strategic commercial agreement to
closely collaborate on projects that aim to significantly expand regenerative agriculture across their
shared North American supply chains. This strategic partnership is expected to reach up to 2 million
acres by 2030, and represents a trailblazing effort by two global companies that share ambitious
carbon reduction goals. The companies’ capabilities span the food and agriculture value chains,
creating a unique, large-scale platform to support farmers’ transition to regenerative agriculture,
while building their resilience to climate change.
Plenty builds world’s largest indoor vertical farm campus
$300 million, 120-acre Virginia campus will feature
world’s first farm to grow indoor, vertically farmed
berries at scale, in partnership with Driscoll’s.
Plenty Unlimited Inc. announced it has secured up
to 120 acres of land near Richmond, Virginia, to build
the largest, most advanced indoor vertical farm
campus in the world. The centrally located Plenty
Richmond Farm Campus marks Plenty’s expansion
beyond the U.S. West Coast and will bring fresh,
healthy produce to the East Coast year-round. Plenty
plans to deploy several large-scale vertical farms
on the campus in the coming years, with a potential
annual production capacity exceeding 20 million
pounds across multiple crops including strawberries, leafy greens and tomatoes.
“Through more than a decade of investment in research and development Plenty has cracked
the code on a scalable platform that makes indoor farming increasingly economical,” said Arama
Kukutai, CEO of Plenty. “That innovation makes it possible for us to grow a wide variety of crops with
a fraction of the land and up to 350x more yield per acre than conventional farms. Channeling
that into the largest vertical farm complex in the world propels us to the level indoor farming has to
operate at to truly transform our food system.”
Inspiring innovation for sustainable energy:
The World Green Economy Summit
The World Green Economy Summit (WGES) was
organised by Dubai Electricity and Water Authority
(DEWA), the World Green Economy Organization
(WGEO) and the Dubai Supreme Council of Energy,
in collaboration with international organisations.
WGES brings together prominent speakers, experts,
thought leaders and decision-makers. It will focus
on four main themes: Energy, Finance, Food Security,
and Youth. It also features a Ministerial Roundtable
with about 25 ministers from around the world.
36 FOOD & INGREDIENTS INTERNATIONAL MARCH 2023