Magnus Kagevik, Group President and CEO of Lantmännen © Lantmännen

Investments & Finance

$91 Million Investment for Pea Protein Facility in Sweden Strengthens Local Production in Northern Europe

The investment of over SEK 1 billion ($91 million) in a new large-scale production facility for pea protein in Sweden strengthens Lantmännen’s leading position in the market for plant-based proteins in the Northern European market. Lantmännen is an agricultural cooperative and Northern Europe’s leader in agriculture, machinery, bioenergy, and food products. Owned by 19,000 Swedish farmers, the cooperative has a yearly revenue of about SEK 48 billion ($4.4 billion). Moreover, the Northern European food leader counts 10,000 employees and is active in more than 20 countries.  The pea proteins will complement Lantmännen’s range of sustainable grain-based proteins from wheat and oats. The new production facility is expected to be completed in early 2026. Large-scale production facility Lantmännen is now starting the detailed design of a …


Mycorena’s mycelium-based protein Promyc

© Mycorena

Fungi, Mushrooms & Mycelium

Lantmännen Enters Strategic Venture with Mycorena for Sweden’s Mycoprotein Future

Lantmännen Cerealia, the Swedish agricultural giant, is entering into a partnership with mycelium-based protein food tech Mycorena. With the stated ambition of developing future mycoprotein foods for the Nordic market, the strategic venture will focus on upcycling food waste to create fungi-based protein sources and ingredients. Lantmännen – Swedish for “the farmers” – is a Swedish agricultural cooperative owned by over 19,000 Swedish farmers with operations in over 20 countries and an annual turnover of over €4.5 billion. The cooperative owns several food brands, such as AXA and Kungsörnen, and after jointly developing prototypes with Mycorena is now looking towards the growing alt protein sector.  Mycorena – a fellow Swedish company – develops mycelium-based protein from upcycled food waste, hence the synergy with Lantmännen as …