Merit Functional Foods partners with Bunge to bring pea and canola protein to market

The partnership will accelerate construction and commissioning of Merit’s world class extraction facility

Merit Functional Foods announces a new partnership with Bunge Limited that will bolster its mission to provide plant-based protein ingredients with unmatched purity and quality.

Bunge Limited, a leading international agribusiness and food company, has made a $30 million (CAD) capital investment in Merit, giving the global ingredient supplier a minority interest in the Canadian-based company.

The partnership will expedite the construction of Merit’s state-of-the-art plant-based protein production facility in Manitoba, Canada, where it will produce novel pea and canola protein ingredients.

It will be the only commercial-scale facility capable of producing food-grade canola protein in the world. Construction is well under way, and the plant is on track to be fully operational by December 2020.

“We’re excited to have a global partner like Bunge recognise our mission and assist us in accelerating our plans and path to launch,” Merit’s co-CEO Ryan Bracken said. “Bunge also holds a deep knowledge of international commodity markets that will help reinforce our canola business with customers globally.”

The demand for plant-based foods and beverages — including dairy and meat alternatives — is rapidly increasing.

Merit’s product portfolio of pea and canola protein ingredients supports the growing need for highly functional and taste-forward plant-based applications. As one of the leading processors of canola in Canada, Bunge has strong origination expertise and will supply Merit with critical inputs.

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