Protein Industries Canada announced an investment into a project aimed at opening new markets for pulse-based proteins by increasing their functionality in high-value ingredients. Ingredion Inc., Ingredion Plant Based Protein Specialties (Canada) Inc., Verdient Foods Inc., T Base 4 Investments and O.M.D. Food Products are partnering to commercialize new technology that will improve the functionality of pulse-based ingredients.
“This innovative project is a great example of how the Protein Supercluster is playing an important role in the modernization of Canada’s plant protein sector. Through this collaborative effort, these companies are demonstrating what it truly means to be global innovation leaders by creating better tasting ingredients for plant-protein alternatives, and new markets for Canadian pulse growers,” said the Honourable Navdeep Bains, Minister of Innovation, Science and Industry.
A total of $25.7 million has been committed to the project, with the partners investing $12.8 million and Protein Industries Canada committing an additional $12.8 million. The partners expect the pulse-based ingredients to be of interest to large-scale food processors and manufacturers throughout Canada and international markets, helping drive further investment into Canada’s economy and the plant-protein sector.