Ingredion to invest millions in plant-based protein


Ingredion to invest millions in plant-based protein

Ingredion, Inc. will invest $140 million into producing protein isolates from peas and a range of pulse-based flours and concentrates. The investment covers two North American facilities: one in South Sioux City, Nebraska, U.S., and the other in Saskatchewan, Canada. Westchester-based Ingredion has entered into a joint venture agreement with Verdient Foods, Inc., a company based in Vanscoy, Saskatchewan, U.S., that jointly is owned and operated by James Cameron, an Oscar-winning film director, and Suzy Amis Cameron, his wife, and PIC Investment Group. Investments in an existing facility will lead to the production of pulse-based concentrates and flours from peas, lentils and fava beans for human food applications. “We’ve found a great partner in Ingredion,”said Mr. Cameron, who won Oscars for the films “Titanic” and “Avatar.” “They share our vision for plant-based proteins and other ingredients from pulses,and with their resources, expertise and world-wide reach, together we can be leaders in the new wave of global food production.  This is also a huge opportunity for Canadians, especially in the prairie provinces, to add value locally to their vast agricultural production.”….. Read

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