Merit Functional Foods Partners with Bunge to Bring Pea and Canola Protein to Market
The partnership will accelerate construction and commissioning of Merit’s world class extraction facility
Merit Functional Foods announces a new partnership with Bunge Limited that will bolster its mission to provide plant-based protein ingredients with purity and quality.
Bunge Limited , an international agribusiness and food company, has made a $30 million (CAD) capital investment in Merit, giving the global ingredient supplier a minority interest in the Canadian-based company. The partnership will expedite the construction of Merit’s state-of-the-art plant-based protein production facility in Manitoba, Canada, where it will produce novel pea and canola protein ingredients. It will be the only commercial-scale facility capable of producing food-grade canola protein in the world. Construction is well underway, and the plant is on track to be fully operational by December 2020.
The demand for plant-based foods and beverages–including dairy and meat alternatives–is rapidly increasing. Merit’s product portfolio of pea and canola protein ingredients supports the growing need for highly functional and taste-forward plant-based applications. As one of the leading processors of canola in Canada, Bunge has strong origination expertise and will supply Merit with critical inputs.
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