NEWS 70 FEED & ADDITIVE MAGAZINE September 2022 Cargill is continuing their legacy and commitment to fighting food insecurity through a new $4.9 million donation to the Feeding America® network of member food banks. The company's donation comes at a moment when the need for food assistance remains high from continued pandemic and economic impacts. A key component of Cargill's latest donation will include $1.9 million in support of increasing the supply of nutritious protein throughout the charitable food system. Protein, including chicken, beef, pork, and even some plant-based foods, are the most requested items for people facing hunger. Yet many local food banks lack proper infrastructure to refrigerate and repackage donated bulk proteins in a safe way, significantly reducing their ability to supply protein to the communities they serve. The result of this far-reaching demand paired with a lack of supply is a substantial gap in the amount of protein being distributed versus what is needed. One way to help combat this 'protein gap' is through the creation and/or optimization of protein pack rooms that provide proper refrigeration and storage for proteins, in addition to equipment allowing food bank workers and volunteers to safely repackage bulk proteins into individual portions for recipients. A 30' x 40' pack room has the potential to prepare 300,000 pounds of bulk protein per year, which helps local food banks distribute additional protein to people facing hunger. Cargill announces new $4.9M donation to Feeding America Bayer expands existing investment to acquire majority share in CoverCress Bayer, Bunge and Chevron U.S.A. Inc., a subsidiary of Chevron Corporation, have signed a shareholders’ agreement in connection with Bayer’s acquisition of a 65 percent majority ownership of the winter oilseed producer CoverCress, Inc. (CCI). CoverCress™ is a rotational cash crop which combines grain production with the environmental benefits of a cover crop without displacing other harvests. Oil extracted from CoverCress™ grain is designed to achieve a lower carbon intensity score and can be made into renewable diesel with Bunge’s expertise in oilseed processing and Chevron’s proficiency in fuels manufacturing. This farm-to-fuel supply chain represented by CCI, Bayer, Bunge and Chevron aims to give corn and soybean growers another revenue outlet by providing the world with a desirable fuel product and high-protein meal for animal feed. Aligning the combined expertise of Bayer, Bunge, and Chevron with the potential held by CoverCress™ will position CCI to further develop and commercialize its namesake winter oilseed into a rotational cash cover crop with potential sustainability and carbon sequestration benefits and bring a new lower carbon fuel feedstock to the renewable diesel industry. CCI, which will continue to operate as an independent entity, has developed CoverCress™ as a unique crop whose grain is a lower carbon, low-input source for fuel and feed. The remaining 35 percent of CCI will continue ownership under Bunge and Chevron.
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