Merit Functional Foods has announced its new partnership with ternational agribusiness and food company Bunge Limited. The collaboration will expedite the construction of Merit’s “state-of-the-art” plant-based protein production facility located in Winnipeg, Manitoba, Canada, where it will produce novel pea and canola protein ingredients.
Bunge to Invest $550M in US Soy Protein Concentrate Facility
Bunge, a global agribusiness firm and food and ingredients producer, is planning to invest around $550 million in a new US facility for soy protein concentrate. The facility will be adjacent to Bunge’s soybean processing plant in Morristown, Indiana, and will process almost 4.5 million additional bushels of soybeans per year. Both regular and textured soy protein concentrate will be produced, suitable for use in plant-based foods and various other products. Construction is set to begin in the first quarter of next year, and the plant is expected to become active in mid-2025. Bunge already has a soy protein concentrate operation in Bellevue, Ohio, but the new facility will add scale, efficiencies, and non-GMO capability. It will also create about 70 full-time jobs. Bunge also …