NEWS: Benson Hill Expands Innovation Pipeline with Advantaged Traits
for Animal Feed, Soybean Oil, and Biofuel Segments
· Management reaffirms commitment to serve broadacre animal feed, soybean oil, and biofuel markets with additional soy quality traits.
· Following the introduction of Ultra-High Protein, Low Oligosaccharide (UHP-LO) soybeans, the Company expects herbicide-tolerant UHP-LO varieties in 2026, a year sooner than expected.
· Herbicide-tolerant soybean varieties for biofuel will launch between 2028 and 2030.
· Scientific advisors anticipate pipeline advancements will continue to leverage the Company’s core technologies.
ST. LOUIS, MO – July 16, 2024 – Benson Hill, Inc. (NYSE: BHIL, the “Company” or “Benson Hill”), a seed innovation company, today shared further advancements in its innovation pipeline to deliver advantaged traits for end users in larger soy markets, including animal feed, soybean oil, and biofuels. These innovations, many of which are in field testing now, uniquely position Benson Hill to redefine U.S. soy for feed and fuel with new varieties that provide novel benefits across the agribusiness value chain.
“No other seed company is focused on soy quality traits for specific end markets,” said Deanie Elsner, Chief Executive Officer of Benson Hill. “With the depth of our soybean data, our proprietary soy germplasm, and the millions of data points we analyze, we believe we can solve problems for the soy end user with unmatched precision and speed. Whether we are creating more nutritious soybean meal or delivering improved oil, Benson Hill is poised to elevate the standard for U.S. soy over the next decade.”
For the full release, please visit www.bensonhill.com/news