A Swedish company is investing more than a billion Krona (in excess of £80,130,000) to develop a production facility for pea protein.
The Lantmännen concern is building the facility in Lidköping in an expansion that will strengthen its leading position in the market for plant-based proteins.
The pea proteins will complement the existing range of sustainable grain-based proteins from wheat and oats.
The new production facility is expected to be completed in early 2026.
At full utilisation the plant will have significant industrial capacity to process peas into a highly concentrated pea protein.
The investment creates opportunities for Swedish farmers to grow another crop in their rotation and has several advantages for both the environment and climate.
“This investment is an important building block that strengthens our food ingredient offering,” said Lars-Gunnar Edh, Head of the Energy Sector.
“Through it, Lantmännen strengthens its position as the leading player in plant-based proteins.
“The market has shown high growth rates for many years in a row and there are several synergies with the existing production in Lidköping and the biorefineries in Norrköping and Kimstad.
“Additionally, peas are good crops to have in the crop rotation and an important substitute for the imported soybean.”
The protein isolate will have many applications such as protein drinks and bars, dairy substitutes, bread, and meat analogues.
“This is another important investment in the Swedish food sector and a milestone in our strategy to take responsibility from field to fork.
“It’s good for our members, active Swedish farmers, for food producers – and for consumers who will benefit from having more Swedish and sustainably produced products to choose from,” says Magnus Kagevik, Group President and CEO of Lantmännen.
The company is also doubling its share of the ownership of the Nordic chicken group Scandi Standard – going from five per cent to holding 10 per cent of the share capital.
Per Lindahl, Chairman of Lantmännen’s Board of Directors, said: “This is a natural step for Lantmännen, and an important investment for us and our members.
“We have been a minority shareholder in Scandi Standard since the company was introduced on the stock exchange, and their operations have a clear connection to our own businesses in the grain value chain.
“The animal value chain is an important part of Swedish food production, and it is important for both Lantmännen and our members that we have successful companies in the industry.
“We want to contribute to the development of these companies, and therefore we are now expanding our holding in Scandi Standard.
“With increasing Swedish harvests over time, beef, pork, and chicken production are all good ways to refine and create additional value from our members’ grain,” added Magnus Kagevik, Lantmännen’s Group Pre-sident and CEO.
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