This article focuses on the preparation of isolated soy protein plasticized by a glycerol and water mixture/poly[(butylene succinate)‐co‐adipate] blends by an original single step extrusion process. Prepared blends were injection‐molded and characterized for their molecular interaction, morphology, rheological, thermal, dynamic mechanical, and mechanical properties. The comparison of these results with those obtained using a more regular two‐step compounding process validates the technical efficiency of this cost‐effective one‐step approach. © 2018 Wiley Periodicals, Inc. J. Appl. Polym. Sci. 2018, 135, 46442.