Bowden may become home to Alberta’s first yellow pea fractionation facility
The Town of Bowden may soon be part of a growing trend in the meat alternatives industry by potentially becoming the home to Alberta’s first yellow pea fractionation facility.
More than Protein Ingredients (MTP) is setting up an estimated $160 million facility to process yellow peas and other pulse crops into nearly 20,000 tonnes of pea and other plant-based proteins annually. These proteins will then be sold to other companies to produce plant-based alternatives for meat, milk, seafood and eggs among other products like feed.
According to a study by Kearney, 25 per cent of the global meat supply will come from plant-based meat by 2040. As well, Plant Based Food Association says that 79 per cent of millennials already eat plant-based products for various reasons such as environmental, animal welfare, and more.
“It’s a complement to the beef and meat industry over all. There’s a lot of inflationary pressures on the meat industry,” said More than Protein Ingredients CEO Kevin McGeough.