Billion sized investment for Lantmännen in pea protein
Lantmännen is now starting the detailed design of a new large-scale production facility in Lidköping, western Sweden.
At full utilisation, Lantmännen said the plant will have “significant industrial capacity” to process peas into a highly concentrated pea protein isolate and residual streams will be connected to existing biorefineries.
The company also added that a billion sized investment creates new conditions for Swedish farmers to grow another crop in their crop rotation and has several advantages for both environment and climate.
“This investment is an important building block that strengthens our food ingredient offering. Through it, Lantmännen strengthens its position as the leading player in plant-based proteins,” says Lars-Gunnar Edh, head of the energy sector.
“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,” Lars-Gunnar Edh continued.
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 investment is partly financed by the Swedish Environmental Protection Agency through “Klimatklivet”, which is part of the European Union’s investment program NextGenerationEU.
