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Benson Hill announced the launch of its Food System Innovators Program (FSI Program) aimed at collaborating with farmers to evaluate its technology in commercial environments.
This initiative will enhance the CropOS® platform, focusing on optimizing protein content in soybean varieties for the human food market. The FSI Program will initially include farmers from six states, enabling real-time feedback and providing them early access to product concepts and premium opportunities in plant-based protein sectors.
Benson Hill, a food tech company, will release its Q2 2021 financial results on August 10, 2021, before market opens. A webcast led by senior management will follow at 8:30 a.m. ET to discuss the results. The company is set to merge with Star Peak Corp II (NYSE: STPC), transitioning to the NYSE under the new ticker BHIL. This merger is subject to shareholder approval, with a Registration Statement filed with the SEC detailing the proposed transactions. Stakeholders are encouraged to review the forthcoming proxy statement for vital information.
Benson Hill will participate in the Canaccord Genuity 41st Annual Growth Conference on August 11, 2021. CEO Matt Crisp and CFO DeAnn Brunts will host a webcast fireside chat at 10 a.m. ET and will conduct one-on-one investor meetings throughout the day. Investors can access the webcast here. The company is advancing its merger with Star Peak Corp II (NYSE: STPC), aiming for a public listing under the ticker BHIL following the merger. Additional details are available on the company’s investor relations site.
Benson Hill has appointed Bruce Bennett as President of its Ingredients business segment, aimed at enhancing global operations for its plant-based protein portfolio. Bennett will lead efforts to improve the supply chain for Benson Hill's proprietary, non-GMO soybean and the innovative Ultra-High Protein soybean ingredients. The company anticipates significant growth in its ingredients segment, driven by the increasing demand for sustainable food solutions, with the plant-based meat substitute market projected to reach $140 billion by 2029. This follows a reported 133% year-over-year growth in contracted soybean acreage.
Benson Hill has surpassed its goal of doubling contracted acres for its proprietary soybean varieties, achieving 70,000 acres for 2021, a 133% increase from 30,000 acres in 2020. The company is focusing on the commercialization of its Ultra-High Protein soybeans aimed at the human food ingredients market. With substantial growth anticipated in its ingredients segment, Benson Hill aims to capitalize on the plant-based meat substitute market, projected to reach $140 billion by 2029. The company's CropOS technology platform is set to enhance revenue visibility into 2022.
Benson Hill, Inc. hosted a virtual analyst meeting on June 22, 2021, discussing its CropOS® technology platform, growth strategy, and financial outlook. The plant-based food market is projected to reach $140 billion by 2029, while the overall agri-food market is valued at $5 trillion. The company generated $102 million in revenue in 2020 and anticipates 50-100% annual growth in the near term. The merger with Star Peak Corp II is expected to provide approximately $625 million in funding to support growth plans.
Benson Hill, a food tech company, announced its participation in two major upcoming events to promote its vision for the plant-based food revolution. This follows the announcement of its merger with Star Peak Corp II (NYSE: STPC) to become publicly listed. CEO Matt Crisp will speak at the Future Food-Tech Alternative Proteins Summit on June 23, 2021, focusing on plant-derived ingredients, while CTO Jason Bull will present at the IFT Annual Meeting from July 19-21, 2021, discussing innovations in agriculture. The company's CropOS® platform supports its mission to create sustainable food systems.
Benson Hill, a food tech company, will have CEO Matt Crisp join AppHarvest President David Lee for a discussion on sustainable food technology at the Crusonia Conversations event on May 26, 2021, at noon CT. This conversation follows Benson Hill's announcement of its upcoming merger with Star Peak Corp II (NYSE: STPC), which aims to enhance plant-based food production amidst increasing consumer demand and inflationary pressures. The event will explore future sustainable food technologies and their impact on the agriculture sector.
Benson Hill, a food technology company, will go public through a merger with Star Peak Corp II (NYSE: STPC). The new entity will be named Benson Hill, Inc., listed under the ticker symbol BHIL. The merger aims to leverage Benson Hill's CropOS® technology to enhance plant-based food production, targeting a $140 billion market by 2029. The transaction, expected to close in Q3 2021, will provide approximately $625 million in gross proceeds, supporting the company's growth and product commercialization strategies. CEO Matt Crisp emphasizes the merger's potential for accelerating innovation in healthy and sustainable food.