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Business Lines

Grains & Oilseeds

Overall Strength

The Platform delivered an excellent performance across all product lines and regions, successfully navigating market volatility to capture arbitrage opportunities across the value chains of core commodities.

Diversified Revenue

The strong core performance in soy, vegetable oils and grains was echoed in other product lines, including high biodiesel margins in the US and Europe, and supported by a valuable contribution from our ingredients businesses – both lecithin and refined glycerin.

Future Investment

We looked to the future by investing further in our assets, continuing to diversify our business portfolio, progressing our digital transformation roadmap, and advancing our sustainability efforts.

André Roth
Head of Grains & Oilseeds

Thanks to the expertise and continued commitment of our teams, the Platform once again kept all key assets operating with only minor interruptions in an ongoing Covid context, with constant focus on protecting people across our sites. We also continued to successfully navigate climate impacts, logistics bottlenecks and government policies impacting supply and demand dynamics, to deliver for our customers efficiently and reliably.

More Grains & Oilseeds Highlights

Broke ground on our new oilseeds processing plant in Zhangjiagang, China, projected to have a daily soy crushing capacity of 3,500 tons.

In Tianjin, China, started operating our new high-end aquatic feed mill, and invested in a new oil refining unit at the site.

Enlarged our business-to-consumer (B2C) cooking oils range in China, with the launch of new Mastergold products covering nine types of edible oil, including grape seed, safflower seed, perilla seed and others. We also launched our first dedicated Mastergold e-store.

In collaboration with our partner Daemeter, developed methodology to verify deforestation-free palm oil, with a pilot ongoing with direct supplier mills in Indonesia.

Invested in our US processing facility at Claypool, Indiana, US, to add lecithin and canola oil packaging units.

Invested in rail infrastructure enhancements and additional storage capacity of 1,500 MT at our Campo Largo facility, in Argentina.

In Rio Verde, Goiás State, Brazil, invested in production line enhancements to enable Kowalski business portfolio diversification.

Continued to progress with our North Corridor project in Brazil, including the delivery of a second large pusher.

Began investing in additional tanks that will more than double existing palm oil storage capacity in Abidjan, Côte d’Ivoire.

Contributed to mainstreaming verified deforestation-free soy in Europe, through the commercialization of soy from LDC’s conversion-free soy program in Brazil and Argentina.

Following its launch in February 2021, LDC executed a total of 290 Brazilian grains and oilseeds vessels (including vessels chartered by LDC and third parties) through the new Covantis S.A. blockchain platform.

↑152%

year-on-year increase in shipped volumes of sorghum

97%

palm traceability to mills and 72% traceability to plantations globally

↑19%

year-on-year increase in proportion of certified sustainable soy sourced from Argentina

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