Nov 4, 2021

Bunge plans to build a new plant in the Port of Amsterdam

Zaandam, November 4, 2021 - Bunge Loders Croklaan, the plant-based lipids business of Bunge (NYSE: BG), plans to build a state-of-the-art, sustainable production facility in the Port of Amsterdam. When completed in 2024, the plant will replace the Maasvlakte refinery in Rotterdam that was sold at the end of last year. Production at the current Bunge Loders Croklaan location in Wormerveer will also be moving to this new facility.

Bunge is planning to invest over €300 million in the construction of the new facility on the HoogTij industrial area in the Port of Amsterdam. It’s an important next step in optimizing Bunge’s European asset footprint and will also allow Bunge to reach greater operational flexibility and efficiency.

“The new facility enables us to offer a broader and more innovative product portfolio of sustainable plant-based oils and fats that better positions us to meet future market demand,” said David Vandermeersch, Vice President EMEA Bunge Loders Croklaan. “The new plant will be built according to the latest technological standards, resulting in a highly efficient and sustainable facility with direct energy savings of 40% and an expected CO2 reduction of 90% by 2030.”

Construction is expected to begin at the end of 2022 and to be completed by the end of 2024. The Company’s current production location along the Zaan in Wormerveer will move to the new location in phases during 2025.

About Bunge 
At Bunge (NYSE: BG), our purpose is to connect farmers to consumers to deliver essential food, feed and fuel to the world. With more than two centuries of experience, unmatched global scale and deeply rooted relationships, we work to put quality food on the table, increase sustainability where we operate, strengthen global food security, and help communities prosper. As the world’s leader in oilseed processing and a leading producer and supplier of specialty plant-based oils and fats, we value our partnerships with farmers to improve the productivity and environmental efficiency of agriculture across our value chains and to bring quality products from where they’re grown to where they’re consumed. At the same time, we collaborate with our customers to create and reimagine the future of food, developing tailored and innovative solutions to meet evolving dietary needs and trends in every part of the world. Our Company is headquartered in St. Louis, Missouri, and we have more than 23,000 dedicated employees working across approximately 300 facilities located in more than 40 countries.

Website Information
We routinely post important information for investors on our website, www.bunge.com, in the "Investors" section. We may use this website as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. Accordingly, investors should monitor the Investors section of our website, in addition to following our press releases, SEC filings, public conference calls, presentations and webcasts. The information contained on, or that may be accessed through, our website is not incorporated by reference into, and is not a part of, this document.

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