All Updates

All Updates

icon
Filter
Industry news
New Canadian collaborative project announced for CAD 7.7 million to support progress in pea and fava protein ingredients
Plant-based Meat
Jul 2, 2024
This week:
Partnerships
Altair partners with University of Nottingham to develop aerospace digital twin project
Digital Twin
Yesterday
Product updates
Tompkins Robotics launches ‘tSortPost,’ a flexible and scalable solution for parcel sorting
Logistics Tech
Yesterday
Partnerships
Kodiak Robotics partners with Atlas Energy Solutions to equip high-capacity trucks with autonomous technology
Truck Industry Tech
Yesterday
Funding
Plum Fintech raises GBP 16 million in Series B funding to expand product offerings
Retail Trading Infrastructure
Yesterday
Funding
Plum Fintech raises GBP 16 million in Series B funding to expand product offerings
Financial Wellness Tools
Yesterday
Management news
Akselos appoints Claus Reimers as CPTO
Digital Twin
Yesterday
Product updates
vHive launches automated inspection and analytics solution for solar farms
Digital Twin
Yesterday
Partnerships
Geographic expansion
Optimi Health to enter Asian market with PsiloThai collaboration on psilocybin research
Psychedelic Medicine
Yesterday
Product updates
Revolut launches new personal loans offering in Italy
Neobanks
Yesterday
Partnerships
Nourish Ingredients collaborates with Fonterra on fermentation-derived dairy fats
Plant-based Dairy & Egg
Yesterday
Plant-based Meat

Plant-based Meat

Jul 2, 2024

New Canadian collaborative project announced for CAD 7.7 million to support progress in pea and fava protein ingredients

Industry news

  • Protein Industries Canada (PIC), an industry-led, non-profit organization, announced a new consortium comprising Lovingly Made Flour Mills, TMRW Foods, and Dutton Farms to advance the development of pea and fava protein ingredients.

  • The project is worth a total of CAD 7.7 million (~USD 5.6 million), of which PIC would contribute CAD 3.3 million (~USD 2.4 million). The project aims to create a value-chain feedback loop and improve the affordability and nutrition of protein ingredients as well as its manufacturing industry in Canada.

  • Under the project, Dutton Farms and Lovingly Made will explore the best pea and fava varieties for processing and extrusion in order to improve the processing methods and develop texturized protein ingredients for Lovingly Made. TMRW Foods will then test them and use Dutton Farms’ varieties to extrude its protein ingredients for new meat alternative products for Canadian and international markets.

  • Analyst QuickTake: This is the third venture PIC has embarked on this year with the goal of advancing the production of sustainable protein ingredients and alternatives. In March 2024 , it launched a CAD 6.9 million (~USD 5.1 million) project to enhance novel plant-based ingredients, followed by the recent initiation of a CAD 24.5 million (~USD 17.9 million) plant-based food expansion project.

Contact us

Gain access to all industry hubs, market maps, research tools, and more
Get a demo
arrow
menuarrow

By using this site, you agree to allow SPEEDA Edge and our partners to use cookies for analytics and personalization. Visit our privacy policy for more information about our data collection practices.