Bunge invests in Australia Plant Proteins; will distribute APP products
Australian Plant Proteins (APP), which launched its first commercial processing plant in Horsham last year, has secured AU$45.7m in investment from global leading agri-food company Bunge.
Officials say the agreement allows APP to double the output of its plant protein isolates production by March 2022, as well as give Bunge a minority stake in the company and make it the exclusive distributor in the Americas.