Northern European agricultural company Lantmännen has secured a SEK 1bn ($93m) investment to put towards a new production facility for pea protein production in Lidköping, Sweden.
The new production facility is set for completion in early 2026 and strengthens Lantmännen’s leading position on the market for plant-based proteins.
The billion sized investment creates new conditions for Swedish farmers to grow another crop in their crop rotation and has several advantages for both environment and climate.
"This investment is an important building block that strengthens our food ingredient offering. Through it, Lantmännen strengthens its position as the leading player in plant-based proteins," said Lars-Gunnar Edh, Head of the Energy Sector.
"The market has shown high growth rates for many years in a row and there are several synergies with the existing production in Lidköping and the biorefineries in Norrköping and Kimstad. Additionally, peas are good crops to have in the crop rotation and an important substitute for the imported soybean,” Lars-Gunnar Edh continued.
The protein isolate will have many applications such as protein drinks and bars, dairy substitutes, bread, and meat analogues.
"This is another important investment in the Swedish food sector and a milestone in our strategy to take responsibility from field to fork. It’s good for our members, active Swedish farmers, for food producers – and for consumers who will benefit from having more Swedish and sustainably produced products to choose from," said Magnus Kagevik, Group President and CEO of Lantmännen.
The investment is partly financed by the Swedish Environmental Protection Agency through “Klimatklivet”, which is part of the European Union's investment program NextGenerationEU.
