Roquette, a provider of innovative plant-based food ingredients, has announced its notable investment of more than CAD$400 million (US$302 million) to build a brand new pea-protein manufacturing site in in order to address the growing demand for plant proteins.
This investment will reinforce the group’s provision of plant protein and also reaffirms their strategy to develop specialties for Food, Nutrition & Health markets. This large industrial unit will expand the company’s pea-protein production capacity and help address the growing customer demand for plant-based proteins in North America and globally.
This new site is strategically located in Canada, the world’s largest producer of peas; the country accounts for around 30 percent of the total global production.
Construction is expected to start in the second half of 2017, subject to obtaining the relevant permits. Production is expected to begin in 2019.
The pea protein market is very attractive, and demand for plant proteins for human nutrition is growing tremendously, driven by health consciousness, consumer concerns and sustainability. Pea protein offers many advantages to farmers, customers and consumers, as its production is environmentally friendly and it is a great source of protein, with numerous applications in gluten-free foods, vegetarian foods, sports and slimming foods, senior nutrition and clinical nutrition.
“The new plant, which will be the largest dedicated to pea protein processing in the world to date, will support the future of Manitoba’s agriculture industry and help address the growing global demand for innovative Food, Nutrition and Health products and solutions,” said Edouard Roquette, chairman of Roquette.
This investment confirms the company’s commitment to the highly promising pea protein market, said Jean-Marc Gilson, CEO of Roquette, as it helps them to meet customer and consumer expectations for innovative and sustainable plant-based solutions.
“We are pleased to welcome this historic partnership with Roquette, which will result in an unparalleled investment in Manitoba’s food processing and agricultural industries,” said Manitoba premier Brian Pallister.
“This new facility will create jobs and establish stronger markets for Canadian farmers while benefiting our province’s economy for decades to come. It also demonstrates to Canada and to the world that our province is open for business and ready to compete for investments in agricultural production and innovation.”