Fava or broad beans

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Investments & Finance

Canada: New $7.7M Consortium to Develop Pea and Fava Protein Meat Alternatives

Protein Industries Canada has announced a new project to advance the development of pea and fava protein ingredients and food products. The consortium, including Lovingly Made Flour Mills, TMRW Foods, and Dutton Farms, will focus on optimizing ingredient processing and developing new meat alternative products. A total of $7.7 million has been committed to the project, with Protein Industries Canada investing $3.3 million. The project aims to add value to Canadian pea and fava crops, creating a value-chain feedback loop that benefits ingredient processors, food manufacturers, and consumers. This effort is expected to improve the affordability, nutrition, and consistency of end products, strengthening the domestic ingredient manufacturing industry and capturing new economic opportunities for Canada. Resilient supply chains “Canada is proud to support Protein Industries …

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Investments & Acquisitions

Canada’s Protein Powered Farms Acquires Meatless Farms Subsidiary Lovingly Made Ingredients

Protein Powered Farms, the owner and operator of Canada’s largest plant protein extraction facility, has announced the acquisition of Lovingly Made Ingredients, a subsidiary of well-known UK plant-based meat brand Meatless Farm.  Lovingly Made Ingredients operates an extrusion facility for plant-based products in Calgary, Alberta. Constructed by Meatless Farms in 2021 to capture the North American plant-based meat market, it is said to be Canada’s largest extrusion facility. In a separate acquisition move, Meatless Farms was famously taken over by VFC this summer after facing bankruptcy. Impressively, the company returned to business almost immediately and its products were swiftly relisted at Tesco, Sainsbury’s, and Ocado.  Shannon Hood-Niefer, CTO of Lovingly Made Ingredients, said, “I am really excited about this acquisition. I have spent over 15 …

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