The collaboration builds on a transaction finalised in March 2024, in which Repsol acquired a 40% stake in three Bunge Iberica industrial facilities dedicated to oil and biofuel production.
The product is designed to help control multiple bacterial diseases prevalent in freshwater aquaculture.
Because this is an emerging pathogen in cattle, no approved vaccines currently exist.
In recent months, the avian influenza pandemic has resulted in the loss of tens of millions of birds worldwide.
This facility, the smallest of ADM’s U.S. soy processing plants becomes the first to close amid a recent contraction in the biofuels sector.
The development comes amid a resurgence in trade tensions between the two largest economies, sparking fresh concerns among U.S. agricultural exporters.
The steep decline is attributed primarily to feed manufacturers turning toward more cost-effective and readily available plant-based alternatives.
The staffing cuts are part of a broader federal workforce reduction plan announced by HHS on March 27, aimed at eliminating 10,000 positions to save US$1.8 billion annually.
ASF has devastated pig populations in parts of Asia, Europe, and Africa in recent years and controlling its spread is a top priority for the global pork industry.
The launch is timely, given that nearly 59% of American dogs are overweight or obese, according to data from the Association for Pet Obesity Prevention.