December 22nd 2016
Roquette ready for major investment in North American pea protein.
Roquette is investing in pea protein in Canada next year, as the French firm ups its game in the protein space.
An industry source told FoodNavigator the strategic investment will reinforce the firm’s position in North America – one of the world’s largest markets for pea protein – as well as placing the starch supplier at the geographical epicentre of global pea production.
Canada is the world’s largest producer and exporter of peas, accounting for close to one third of world supplies and well over half of world pea exports, according to the Canadian Agri-Food Trade Alliance.
More details – how much the deal is worth, the plant’s production capacity and the number of employees to be taken on – are to be announced in the new year.
It is understood the plant will be primarily focussed on pea protein but will have the capacity to add value to other components of the ingredient such as starch, fibre and co-products used in the feed industry.
Roquette has operations in over 100 countries worldwide, and already has processing facilities for corn in North America, but this will be its first pea protein plant in the region.
The Lille-headquartered company, whose current supplies of pea protein come from its factory in Vic-sur-Aisne, near Paris, reported a turnover of around €3.3 billion in 2015.