Ingredion Invests $140 Million to Accelerate Growth in Plant-Based Proteins
Combined strategic investments accelerate production and expand portfolio of plant-based proteins, including pulse flours, concentrates and isolates
Ingredion, a global provider of ingredient solutions to diversified industries, announced several steps to accelerate production of plant-based proteins globally. The combined $140 million of strategic investments will further position the company with an expanded, broad range of plant-based protein solutions to support increased global demand. As a result, two North American manufacturing facilities will produce pea-protein isolates and a range of pulse-based flours and concentrates in 2019.
Strategic Investments:
In February 2018, the company purchased a soy processing facility in South Sioux City, Nebraska and is making significant capital investments to transform the site to produce protein isolates from peas with expansion plans to include production of isolates from other pulses as well. Once the investments are completed, this facility will produce ingredients that enhance the company’s current VITESSENCE® Pulse protein isolate line, to include higher protein isolates primarily for the nutrition, health and wellness categories.