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Agribusiness giant Cargill raises bet on plant-protein craze

Aug 29, 2019 - St. Paul Pioneer Press (Minnesota)

Cargill Inc., one of the world's biggest agricultural companies, is placing more bets on the rapidly growing meat alternatives market.

The Wayzata-based company is investing an additional $75 million in Puris, the largest North American producer of pea protein, a chief ingredient in vegan burgers and other meat substitutes that are seeing rapid growth. Puris' factory in Dawson, Minn., will double its output as a result, Cargill said Wednesday in a statement.

Peas have become an unlik...