Lantmännen invests SEK 1.2 billion in protein plant

Lantmännen, a leading agricultural cooperative, has announced a significant investment of SEK 1.2 billion (US$117 million) in a new plant for plant-based protein production in Lidköping. This marks the largest investment of its kind in Sweden, underscoring the growing demand for sustainable and plant-based food alternatives.

The new facility will primarily focus on processing peas and faba beans into concentrated plant-based protein, also known as protein isolate. This versatile ingredient is widely used in a variety of food products, including vegetarian and vegan options such as mince, hamburgers, sausages, and liver pâté, as well as sports drinks, gluten-free pasta, and bakery items.

"We recognize the increasing global demand for plant-based proteins as a key food ingredient," commented Magnus Kagevik, Group President & CEO of Lantmännen. "This investment aligns with our commitment to sustainable food production and strengthens the entire value chain, from farm to fork."

By expanding its production capacity, Lantmännen aims to contribute to a significant increase in Swedish pea cultivation, targeting a 50% growth from approximately 80,000 tons to 120,000 tons annually. This shift towards domestically grown legumes is expected to reduce Sweden's reliance on imported soy, further enhancing sustainability.

Lantmännen Biorefineries, a division of the company, already produces wheat and oat protein at its facilities in Norrköping and Kimstad. The new plant in Lidköping will complement these existing operations and solidify Lantmännen's position as a leader in plant-based protein production.

The construction of the Lidköping plant is expected to be completed in the first half of 2027, creating approximately 30 new jobs. Additionally, hundreds of indirect jobs will be generated in related industries and during the construction phase.

"This investment is a long-term commitment to Swedish agriculture and food production," added Lars-Gunnar Edh, Head of the Energy Division at Lantmännen. "By utilizing legumes as a protein raw material, we are responding to the growing market demand and supporting our member farmers in sustainable agricultural practices."

Peas and field beans are considered climate-smart crops, requiring relatively little water and plant nutrients. They also help to improve soil health by binding nitrogen, making them a valuable addition to sustainable farming systems.

The Lidköping plant is expected to have a significant positive impact on the local economy, attracting investment and creating new employment opportunities. As the demand for plant-based proteins continues to rise, Lantmännen's investment in this new facility positions the company as a key player in the global food industry.