Louie Dreyfus Company is constructing a plant to isolate pea protein in Yorktown, Saskatoon, Canada. Pea protein will be available for plant-based dairy and meat alternatives. The facility will be completed by the end of 2025.
Michael Gelchie, CEO of Louis Dreyfus stated, “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”.
Previously, CHICK-NEWS reported on the application by a U.S. company to impose a dumping duty on pea protein produced in China. Investigations showed that companies involved in manufacture and export to the U.S. received subsidies from the state, creating unfair competition against producers in North America.
The short-term result of result of the dumping duty on approximately 150,000 metric tons of product from China will be to raise the cost of plant-based meat substitutes. This will further increase losses incurred by manufacturers of these products.