11.11.04
Bunge Ltd., the world's largest processor of oilseed, is joining with Procter & Gamble Co. and Peter Cremer North America to produce cholesterol-reducing ingredients for foods and drugs. Executives at Bunge said the companies will produce ingredients using phytosterols, compounds found in many fruits, vegetables, nuts, seeds and cereals. In 2000, the Food and Drug Administration (FDS) said phytosterols may reduce the risk of coronary heart disease by lowering blood cholesterol levels. The three companies plan to create a supply chain using Bunge's raw materials, Peter Cremer's experience manufacturing oil-based products and P&G's retailing expertise. Bunge has a 50% stake in the alliance. Additional terms of the agreement were not disclosed.
Bunge predicted that by 2008, demand for phytosterols will top 10,000 tons with a market value of $200 million to $250 million. In 1999, global demand was for about 4,000 tons, Bunge executives said.
Bunge predicted that by 2008, demand for phytosterols will top 10,000 tons with a market value of $200 million to $250 million. In 1999, global demand was for about 4,000 tons, Bunge executives said.