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Burcon NutraScience Corp T.BU

Alternate Symbol(s):  BRCNF

Burcon NutraScience Corporation is a Canada-based global technology company focused on the development of plant-based proteins for foods and beverages. The Company has an extensive patent portfolio covering its novel plant-based proteins derived from pea, canola, soy, hemp and sunflower seeds, among other plant sources. The Company is engaged in the production of hemp protein isolate and provision of contract research services. Its products include hempseed protein, canola protein, pea proteins and protein blends. Its hempseed protein isolate extraction and purification/production process can produce a high-quality protein ingredient that contains 95% pure protein. It extracts and purifies a canola protein isolate from canola meal. It has branded this protein isolate under the trade name Puratein C. Peazazz is a soluble, clean and neutral-tasting pea protein. It provides consulting and contract services, product and process development, and process scale-up and validation.


TSX:BU - Post by User

Post by tinkvidon Apr 05, 2021 10:42am
247 Views
Post# 32936865

Manitoba “can be the Silicon Valley of plant-based proteins.

Manitoba “can be the Silicon Valley of plant-based proteins.https://www.corporateknights.com/channels/built-environment/u-k-s-meatless-farm-plants-roots-in-cattle-country-16176152/

U.K.’s Meatless Farm plants roots in cattle country

With new $12 million facility, Cowtown is quickly emerging as a major player in the booming plant protein business
 

While Canadians hunkered down in their homes last year, plant protein sales surged 30% in this country, and food chains and manufacturers are scrambling to keep up with demand. Maple Leaf Foods just announced a new 118,000-square-foot tempeh facility in Indianapolis. Burger King is debuting its plant-based Impossible Whopper this spring, and Beyond Meat just locked McDonald’s, Pizza Hut and Taco Bell into partnership deals to feed the global plant-based craze.

And while being smack dab in the middle of Canada’s largest beef-producing region may have earned Calgary the nickname Cowtown, the city is quickly emerging as a major player in the booming plant protein business.

Last month, the U.K.’s Meatless Farm set up shop in the Albertan city with a US$12-million, 30,000-square-foot plant with the capacity to produce up to 18,000 tonnes of plant protein ingredients, under the banner Lovingly Made Ingredients. Lovingly is a spinoff company dedicated to manufacturing a global supply of textured plant protein that mimics beef and pork products. Yellow peas sourced from Alberta and Saskatchewan farmers will be the main ingredients, though the company is also looking to add fava, hemp and other legumes to the mix.

Canada is “the pea capital of the world,” says Meatless Farm founder Morten Toft Bech, and while much of those 4.2 million tonnes of peas were being exported for processing, Bech says its new location gives the company the ability to “grow, harvest, process and extract its pea protein all within one country.”

Meatless made its British debut in 2019 after raising $17 million from investors and last fall pulled in another $31 million in investments to fuel its global expansion.

As Calgary Herald columnist David Parker puts it, “It represents a good potential new-growth industry for Calgary, with a positive effect up and down the supply chain.” But Alberta faces heavy competition from the Prairies, where $1 billion has already been invested in protein-processing plants, despite Albertan farmers growing nearly half of the field peas in the West, according to the Plant Protein Alliance of Alberta. Roquette Canada is poised to open the world’s largest pea-protein facility – worth $600 million – in Portage La Prairie, Manitoba, in early 2021. Roquette Canada’s CEO says Manitoba “can be the Silicon Valley of plant-based proteins.”


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