Phytokana lands CA$450 million in offtake deals to back alberta faba protein facility

Calgary-based Phytokana Ingredients has announced definitive long-term offtake agreements worth approximately CA$450 million, securing multi-year demand for faba protein concentrates and high-protein flours from its planned commercial-scale dry fractionation facility in Strathmore, Alberta.

• Phytokana signed definitive offtake agreements worth approximately CA$450 million with domestic and international customers across terms ranging from three to 10 years.
• The agreements supported commercialization plans for the company’s 30,000 metric ton-per-year dry fractionation facility in Strathmore, Alberta.
• Phytokana reported that total potential sales exceeded CA$500 million when additional memorandums of understanding were included.

The agreements, signed with a diversified group of domestic and international customers, run from three to 10 years. Phytokana reported that, when combined with additional memorandums of understanding, total potential sales exceeded CA$500 million.

The commitments underpin the company’s planned 30,000 metric ton-per-year dry fractionation facility, which Phytokana described as Alberta’s first commercial-scale site of its kind. The plant is intended to supply protein concentrates and high-protein flours for food, beverage and baked goods applications in global markets.

Phytokana said the customer agreements provided forward demand visibility as it advanced commercialization, while also supporting its broader push into what it called “Better for You” ingredients. The company has focused on faba-based ingredients, a crop platform increasingly used in plant-based foods because of its protein content and functionality.

“Our customers span the globe, and the diversity of their food and beverage applications reflects the versatility of our plant-based ingredients,” said Chris Theal, President & CEO of Phytokana. “From plant-based meats and alternative dairy to fortified baked goods and snack foods, our ingredients are enabling innovation across the food industry. Securing long-term offtake agreements at this stage is a strong validation of both product performance and our commercial strategy. As we advance Alberta's first commercial-scale dry fractionation facility, we are proud to contribute to more resilient, sustainable, and secure food supply chains worldwide.”

Theal’s comments placed the agreements within a wider commercial strategy built around ingredient performance and customer demand, rather than capacity alone. For companies developing plant protein infrastructure, securing offtake before full commercialization has become an important way to reduce market risk and demonstrate that customers are prepared to commit to supply over several years.

Phytokana Chairman Vincent Chahley said the agreements marked a significant step in the company’s development. “These definitive offtake agreements are a cornerstone achievement for the Company and a clear demonstration of disciplined execution by our team,” Chahley said. “In a complex geopolitical and capital environment, we have built credibility through innovation, strong customer collaboration, and a focused vision for Better-for-You ingredients. The level of contracted demand we have secured significantly de-risks the path to commercialization and reinforces the strength of our partnerships and long-term strategy.”

Phytokana is privately held and based in Calgary. The company develops, processes and distributes faba protein concentrates and flour ingredients for food, beverage and baked goods manufacturers.

The Strathmore facility is expected to serve customers using plant-based ingredients across categories including meat alternatives, dairy alternatives, fortified bakery products and snacks. Dry fractionation separates protein-rich and starch-rich fractions without the use of wet extraction, a process that can appeal to manufacturers seeking simpler ingredient processing routes.

Phytokana said the offtake agreements reflected demand from both domestic and international customers. The company did not name the customers or disclose individual contract values.

The announcement came as ingredient suppliers continued to pursue more resilient plant protein supply chains, with faba beans attracting interest as an alternative to soy, pea and other established protein sources. For Phytokana, the signed agreements provided a commercial base for its Alberta facility as it moved toward scale.