World Grain - September 2022 - 15

Cargill to build corn syrup refinery
MINNEAPOLIS, MINNESOTA, US - Cargill has announced
plans to invest more than $50 million to build a
corn syrup refinery in Fort Dodge, Iowa.
" As the global population continues to grow, the demand
for corn syrup continues to grow, especially given
its important functional benefits in products ranging from
infant formula to confection, " said Mike Wagner, managing
director of Cargill's starches, sweeteners and texturizers
business in North America. " Adding this new corn
syrup refinery further fortifies our supply network and ensures
customers can continue counting on Cargill to be a
reliable source of this sought-after ingredient. "
The new refinery will utilize technology and processes
to reduce Scope 1 and Scope 2 emissions, the company
said. Cargill's Fort Dodge facility is powered by the
MidAmerican Energy electrical grid, which is made up
of more than 88% renewable sources. The combination of
this electrical grid with the new corn syrup production process
will reduce CO2
emissions by nearly 50% compared
to typical production methods, according to the company.
" This new refinery is the latest example of how Cargill
is working to lower our environmental impact across operations
using advanced technology to minimize our carbon
footprint, " said Sydney Pokorny, facility manager at the
Cargill Fort Dodge biotechnology campus.
Cargill said the facility will be operational by mid-2024.
Ceres names new president, CEO
MINNEAPOLIS, MINNESOTA, US - Carlos Paz has
been named president and chief executive officer of Ceres
Global Ag Corp., succeeding Robert Day, who stepped
down from the positions on Aug. 23.
Day also resigned his board seat but will continue to
support the company for several months on a consultative
basis.
Paz joined the company in January 2020 as vice president
and commercial director where he has been instrumental
in developing the company's network of assets. He
has more than 25 years of experience in a wide variety of
leadership, trading and merchandising roles across North
America, Latin America and Europe. Paz also will assume
Day's vacant board seat.
" Leading this company and our dedicated employees
since 2016 has been an immense honor, " Day said. " I look
forward to working with Carlos to ensure a smooth transition
and I am confident in his ability to build upon what
Ceres has developed thus far.
Paz said he is " honored and excited " about the opportunity
to lead Ceres.
" I am eager to continue working with our strong network
and building on Ceres' vision to partner with farmers and
other suppliers to enable our customers to do great things
in the food, agriculture and energy markets, " Paz said.
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World Grain - September 2022

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