Louis Dreyfus Company (LDC) is investing in a new pea protein isolate manufacturing facility in Canada, within its Plant Proteins business division.
The factory will be located at the company's existing industrial complex in Yorkton, Saskatchewan.
This development is expected to enhance LDC's capabilities in delivering high-quality, plant-based ingredients to its customers.
The plant primarily aims to produce functional, taste-neutral, and nutritious pea protein isolates.
These ingredients are said to be suitable for dairy substitutes, high-protein nutrition solutions, and various other plant-based applications.
LDC CEO Michael Gelchie said: “As a leading global merchant and processor of agricultural goods, LDC is committed to helping meet demand for food, feed and biofuels through our integrated and expanding North American industrial centres - Claypool (Indiana) and Upper Sandusky (Ohio) in the US, and Yorkton (Saskatchewan) in Canada.
“And like other key development projects for LDC in North America, the investment announced today is an important step in the group’s global growth strategy, as part of our plans to diversify revenue through value-added products - in this case, addressing growing demand for high-quality, nutritious and sustainable plant-based protein alternatives.”
The move represents an expansion of LDC's current offerings, which also include non-GMO soy isolate.
The new facility is expected to hire approximately 60 people.
Construction is set to be completed by the end of 2025.
In October last year, the company revealed its plans to construct a soybean processing plant in Upper Sandusky.