U.S. Ingredion invests $140 mln in plant-based proteins production

U.S. ingredient solutions provider Ingredion Inc. announced that it has invested $140 million to advance production of plant-based proteins internationally.

The strategic commitments will further position Ingredion with an extended, broad range of plant-based protein solutions to support increased international demand.

Following the investment, two North American manufacturing centers will produce pea-protein isolates and a range of pulse-based flours and concentrates in 2019. In addition, Ingredion also revealed that it has entered into a joint venture agreement with Canadian plant-based protein food company Verdient Foods, Inc.

Investments are being made within the existing facility to produce pulse-based protein concentrates and flours from peas, lentils and fava beans for human food applications.