Government of Canada contributing $100M for Merit Protein plant in Winnipeg, MB
Merit is a company that is committed to exceeding expectations for plant-based protein, with pea and canola ingredients that offer unmatched purity, exceptional taste, and excellent solubility.
Based in Winnipeg, Manitoba, Merit Functional Foods Corp. plans to have a new 94,000-square-foot production plant at Winnipeg’s Centreport running by the end of the year. This plant will be the first facility in the world with the capability to produce food-grade canola protein ready and safe for human consumption.
— Merit Functional Foods (@MeritProteins) June 23, 2020
On June 22, 2020, Government of Canada and Merit have announced a federal financing of close to $100 million to support this plant, scheduled to be fully operational in December 2020. It will create 80 new jobs and will help to establish the region as a world-leading agriculture and processing hub.
Plant-based proteins are more and more in demand.
Our Gov will continue supporting #CdnFarmers to add value to their crops & take advantage of new opportunities.
— Marie-Claude Bibeau (@mclaudebibeau) June 22, 2020
Consumer demand for plant-based proteins is growing in both Canada and around the world. This innovative technology provides alternatives to animal and dairy derived proteins, adding value to our grain commodities and plant-based proteins.
More details about the announcement here : https://www.canada.ca/en/agriculture-agri-food/news/2020/06/boosting-canadas-reputation-as-a-global-leader-in-plant-proteins.html
Learn more about Merit : https://www.meritfoods.com/