Cargill-Calysta Joint Venture Plans Largest Gas Fermentation Facility In Memphis, Tennessee
Calysta is an innovator in sustainable products to improve worldwide food security. Calysta Nutrition develops and commercializes FeedKind protein, a sustainable, traceable alternative feed ingredient for fish, livestock and pet nutritional products. Cargill provides food, agriculture, financial and industrial products and services to the world.
The new venture plans to build and operate the world’s largest gas fermentation facility on Cargill’s 69-acre property on President’s Island. The new facility will produce Calysta’s FeedKind protein, a family of sustainable, traceable nutritional ingredients for fish, livestock and pets. The facility is expected to be completed by the end 2018.
“Cargill has been a part of the Memphis community for 40 years. With the strong support of the state of Tennessee, Shelby County and city of Memphis, we are pleased that the venture chose to locate the facility in Memphis,” Cargill’s Global Vice President of Bioindustrial Brian Silvey said.
“Calysta is very pleased to be joining in this new venture with Cargill in Memphis to open the first U.S. manufacturing plant for FeedKind protein,” said Calysta President & CEO Alan Shaw, Ph.D. “We look forward to partnering with the city of Memphis and the state of Tennessee to bring the next generation of sustainable aquaculture products to market.”
“Since 2010, Tennessee’s manufacturing sector has gained 45,402 jobs, which is the fifth biggest gain among all U.S. states, and I thank Calysta, Cargill and the other investors of this newly created venture for adding jobs to this substantial sector,” Economic and Community Development Commissioner Randy Boyd said. “On behalf of Team Tennessee, I appreciate this venture for recognizing the advantages of doing business in Tennessee and for initially creating 75 new jobs at its new Memphis operations.”
“This is welcomed news for Shelby County Economic Development continues to be one of our top priorities. We are pleased more jobs are coming to our community,” Shelby County Mayor Mark H. Luttrell, Jr. said. “We’re thrilled to have played an active role in helping this venture, created by Calysta, Cargill and the other investors, decide that Memphis is the best place for it to grow. We know that it will.”
“The Greater Memphis Chamber is very excited that this new venture made the decision to build this state-of-the-art facility in Memphis,” Senior Vice President of Economic Development for the Greater Memphis Chamber Mark Herbison said. “The Chamber has been working with our One Stop Shop partners, Tennessee ECD, MLGW, TVA, WIN and EDGE, for many months to ensure these new jobs and investment would come to our great city. Not only are we reviving one of our most important industrial sites on President’s Island, we are also bringing a very large utility customer to the city which helps ensure that all of our resident in Memphis/Shelby County enjoy some of the lowest cost electricity, gas and water in the nation.”
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