The goal of the agreement is to develop and commercialize Merit’s novel plant protein ingredients for us in Nestlé’s plant-based foods and beverages.
Merit Functional Foods (Winnipeg, Manitoba, Canada) and its technology partner Burcon NutraScience (Vancouver, BC, Canada) have entered into a joint development agreement with NestlÃ© (Vevey, Switzerland) with the goal of developing and commercializing Merit’s novel plant protein ingredients for us in NestlÃ©’s plant-based foods and beverages. Merit is currently building its commercial-scale production facility, which should be completed by the fourth quarter of 2020. This facility will produce various plant-based protein ingredients using Burcon’s proprietary and patented extraction and purification technology.
“Partnering with NestlÃ© – a global leader in food and nutrition – is a great milestone for Merit Functional Foods,” Merit co-CEO Ryan Bracken said in a press release. “Merit has already demonstrated the impact of our novel proteins in plant-based foods. This new partnership helps build on this, and it’s a major step in developing the next generation of nutritious and delicious plant-based products that draw on the benefits of our novel proteins.”
“We are thrilled to be partnering with NestlÃ© to optimize these already exciting novel plant proteins,” Burcon’s president and CEO Johann F. Tergesen added. “This collaboration among Burcon, NestlÃ©, and Merit is about strategically innovating for the future.”