The North American market for pea protein is the largest in the world, with the U.S making up 70 per cent of the market. A market of that size is an attractive one for countries with an excess of pea protein, a byproduct of extracting pea starch to make noodles. Nicole Atchison, CEO of Puris,… Read More
Category: Plant Based Protein
There has yet to be a successful bid for Merit Functional Foods nine months after the plant protein company, with its processing plant in Winnipeg, Manitoba, entered receivership. Merit’s receiver — PwC — filed a court update on Nov. 14 acknowledging the sales process launched in March had not resulted in any purchase agreement. The… Read More
Where once stood a brewery that turned barley into beer in Lethbridge, Alta., now stands a plant that turns peas into protein. The plant — PIP-International — has shifted its focus to the plant proteins sector of agriculture as it continues to grow. Christine Lewington, chief executive officer of PIP-International, joined RealAg Radio Host Shaun… Read More
Merit Functional Foods has entered receivership while owing approximately $95 million to its two main creditors — Export Development Canada (EDC) and Farm Credit Canada (FCC), according to court documents. A judge on Manitoba’s Court of King’s Bench appointed PwC as the receiver for the Winnipeg-based plant protein processing company on March 1. According to… Read More
Update: Merit Functional Foods was placed in receivership on March 1. Read more here. Creditors for Merit Functional Foods are asking the Court of King’s Bench in Manitoba to appoint a receiver for the plant protein processing company. Export Development Canada and Farm Credit Canada have filed an application for the appointment of a receiver,… Read More
Canada’s federal government has allocated more funding for plant protein development across the country, so what types of investments can we expect to see coming up in this sector? Bill Greuel, CEO of Protein Industries Canada (PIC), spoke with RealAg’s Shaun Haney on the direction PIC is going with this next round of funding. Greuel… Read More
The federal government has committed another $150 million to Protein Industries Canada over the next five years, as the original funding for the innovation cluster expired last year. The protein initiative is one of five clusters receiving funding as part of the $750 million Global Innovation Cluster program that was announced in the 2022 budget… Read More
As consumer trends change, food production adjusts to meet demands. Plant-based products and ingredients have taken up residence on grocery store shelves, and this is a trend that’s likely here to stay. CEO of Protein industries Canada, Bill Greuel, discusses the chatter around plant proteins at industry meetings and the evolving market for plant proteins… Read More
Through the pandemic numerous food perspectives were subject to a shift, with more people cooking at home and grocery scarcity showing up for the first time for many. Just ahead of the pandemic, Beyond Meat, a plant-based protein company, went public to much fanfare. The Canadian Meat Council has, of course, been watching the plant-based… Read More
A $225 million plant protein processing facility is to be built in Strathmore, Alberta. Phyto Organix is set to break ground on the 15-acre facility, which the company says will be net-zero, in fall of 2022. Chris Theal, founder, president, and CEO of Phyto Organix, says the investment will generate over $120 million of annual… Read More