Nestle teams up with plant-based ingredients makers

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

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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.

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TickerSecurityLastChangeChange %
NSRGYNESTLÉ SA101.8-1.52-1.47%
BUROFBURCON NUTRASCI0.89675-0.04-4.60%

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.

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