Jim Beam plans to ramp up bourbon production at its largest Kentucky distillery to meet growing global demand in a more than $400 million expansion to be powered by renewable energy.
Photo Insert: Jim Beam has registered mid-single-digit growth globally in the past two years.
The project will increase capacity by 50% at the Beam plant in Boston, Kentucky while reducing greenhouse gas emissions by the same percentage, Beam Suntory said Wednesday, Sept. 14, 2022, the Associated Press (AP) reported.
The company behind the top-selling bourbon said it has reached production capacity at the Boston plant, about 36 miles (58 kilometers) south of Louisville, Kentucky.
The expansion will be used to produce two mainstays -- Jim Beam white and black label bourbons -- and will mostly support expected sales growth overseas, especially in European and Asian markets, said Carlo Coppola, managing director of the Beam brands.
Jim Beam has registered mid-single-digit growth globally in the past two years, the company said. Mixing renewable energy into crafting whiskey, Beam will use a process that produces renewable natural gas to power the plant, the company said.
Beam Suntory said it has entered into an agreement with 3 Rivers Energy Partners to build a facility across the street to convert waste from making bourbon into biogas, which will be treated to renewable natural gas standards and piped directly back to the distillery.
Once the project is completed, expected to be in 2024, the distillery will be 65% powered by renewable natural gas and 35% by fossil-based natural gas, the company said, Mainichi Japan also reported.
"This expansion will help ensure we meet future demand for our iconic bourbon in a sustainable way that supports the environment and the local community that has helped build and support Jim Beam," said Beam Suntory President and CEO Albert Baladi.
Beam Suntory, whose products include Kentucky-crafted Maker's Mark, said last year it wants to cut its companywide greenhouse gas emissions and water usage in half by 2030. The company's more ambitious goal is to remove more carbon than is emitted from its operations and among its supplier base by 2040.
The spirits giant also is committed to planting 500,000 trees annually by 2030, with a goal of planting more trees than are used to make barrels to hold its aging whiskeys.
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