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As stated by the EIB, the project will finance the construction and operation of a first of a kind production facility in Sweden for pea protein isolate. The facility will process annually 40,480 tonnes of peas sourced locally from the cooperative members.
The project is crucial for enhancing local food production and exports, thereby strengthening agriculture and food preparedness in alignment with the objectives of the Swedish Government, as reflected in the ongoing discussions for the development of the country's Food Strategy 2.0. Furthermore, increasing plant protein production will help reduce the EU's deficit in this product. Peas, being nitrogen-fixing crops, lessen the dependence on synthetic fertilizers within crop rotations.
Agronomically, the crop also allows for better pest management and natural weed control when alternated with cereals. These characteristics improve soil health, lower water pollution, reduce greenhouse gas (GHG) emissions, and provide benefits to local farmers.
As stated by Bloomberg, Lantmannen ek for operates as an agricultural cooperative. The Company produces and supplies seeds, fertilizers, and plant protection pesticides, as well as specializes in agriculture, machinery, bioenergy, and food products. Lantmannen serves clients in Europe.
According to the EIB, Lantmännen is owned by 17 000 Swedish farmers, has 12 000 employees, operations in over 20 countries and an annual turnover of SEK 70 billion. With grain at the heart of the operations, Lantmännen refines arable land resources to make farming thrive. Some of Lantmännen’s best-known food brands are AXA, Kungsörnen, Scan, Korvbrödsbagarn, GoGreen, FINN CRISP and Bonjour.
| Private Actor 1 | Private Actor 1 Role | Private Actor 1 Sector | Relation | Private Actor 2 | Private Actor 2 Role | Private Actor 2 Sector |
|---|---|---|---|---|---|---|
| - | - | - | - | Lantmannen ek för | Client | Agriculture and Forestry |
No project contacts provided at the time of disclosure.
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