Nestle teams up with Canadian plant-based ingredients makers

ZURICH (Reuters) – Food group Nestle (S:) has teamed up with Canadian plant-based food ingredient makers Burcon (TO:) and Merit to speed up innovation in the fast-growing business segment, it said on Friday.

The collaboration will allow Nestle, which launched soy and wheat protein-based “Incredible Burgers” in Europe last year, to tap into Burcon’s proprietary plant protein extraction and purification technology as well as Merit’s plant protein production capabilities.

Burcon Nutrascience specializes in making novel plant-based proteins derived from pea, canola, soy, hemp, sunflower seed and various other crops, while Merit Functional Foods is building a commercial-scale production facility to produce plant-based protein using Burcon’s technology.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.