Armed with a CAD$30m (USD$22.7m) capital investment from international ingredients supplier Bunge, Merit Functional Foods says multiple finished products will come to market in Q1 2021 using its novel canola and pea proteins.
"At least 12 major players in the food industry" are testing canola protein from BioExx, while a tie up with Century Foods to develop canola-protein-based sports products is also progressing well, claims the veggie protein specialist.
BioExx has received a no objections letter from the Food and Drug Administration (FDA) to its GRAS (Generally Recognized As Safe) notification for canola proteins Isolexx and Vitalexx.
Production has re-commenced at the Saskatoon plant of Canadian canola protein specialist BioExx following a shutdown while bosses upgraded facilities to boost production capacity and efficiency.