Low-emissions soy developer used in fish feed files for bankruptcy.
Benson Hill, the US agritech firm supplying low-impact soy ingredients to aquafeed producer BioMar, has filed for Chapter 11 bankruptcy protection, raising questions over the future of its sustainability-focused supply chain.
In 2023, BioMar began sourcing Benson Hill’s high-protein soy varieties as part of a strategic partnership to reduce the environmental footprint of its feeds. The ingredients were promoted as traceable, non-GMO, and produced with up to 70% less water and 50% lower CO₂e emissions than conventional US soy protein concentrate.
The soy was intended to help BioMar meet responsible sourcing goals following its exit from the Russian raw materials market, with distribution in Northern Europe handled by Denofa.
Benson Hill, which has secured $11 million in debtor-in-possession financing, plans to sell part or all of its business during the Chapter 11 process. The company cited “industry challenges and financial constraints” as reasons for the filing.
It remains unclear whether its soy platform and aquafeed supply relationships will be maintained under new ownership.
