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Value Addition of Peas and
Plant Protein
April 14 2021
More Than Protein
Kanagaraj C Selvraj (RAJ)
Company Overview
2
More Than Protein 3
More Than Protein Ingredients Inc.
Who we are?
• More Than Protein Ingredients Inc. (MTP)was
founded with a vision to do value addition to
peas and pulses at the source of production.
• MTP will be the first in Alberta to tap into the
fast-evolving plant-based pure ingredients
market by building the Next Generation
Protein Wet Fractionation Extraction Plant.
• MTP will be the first protein fractionation
project in Canada open to investors (includes
individual).
• The leadership team for MTP has extensive
expertise in the pulse market & has
expansive knowledge of plant-based
ingredients.
More Than Protein 4
More Than Protein Highlights
Organic
Cleaning
Plant
Conventional
Cleaning
Plant
Location of new
Protein
Extraction
Plant, Bowden
AB
• Business Operations: MTP consists of three operations: A 50,000 MT Conventional Pulse Cleaning & Splitting
Plant, a 16,000 MT Organic Pulse Cleaning & Splitting Plant, and a 40,000 MT Pulse Protein Wet Fractionation
Extraction Plant. The operation will supply organic & conventional cleaned pulses, split peas, & pulse protein, fibre
and starch. MTP will build R&D, enzyme, and fibre refinement production lines, allowing MTP to develop new
commercial-scale products rapidly.
• Strategy: Complete pulse utilization with sales of both organic & conventional starch, pulse flour, protein, fibre,
along with cleaned pulses & split peas. Will target Food, Nutrition, Pet Food, Feed, and Pharma manufacturers.
MTP will take a first to market approach & focus on developing new & innovative plant-based ingredients.
More Than Protein 5
More than Protein Project Timeline
Protein Plant
Operations
Begin.
Summer 2023
Site Preparation
& Second Equity
Raise.
Jul–Sep 2021
Construction
Starts.
Oct 2021
Plant start-up
begins.
Apr 2023
Initial Equity
Raise.
Apr 2021
More Than Protein 6
ESG (Environment, Social & Governance)
CO2 Emissions from Plant-
Based products are 10-50
times lower than most
Animal-Based products.
More Than Protein 7
MTP Wet Fractionation Plant
More Than Protein 8
New Pea Protein Extraction Plants in
Canada
Company Location Capacity
Portage la Prairie, Manitoba 125,000 MT/yr
Winnipeg, Manitoba Phase 1: 20,000 MT/yr
(Formerly Verdient Foods)
Vanscoy, Saskatchewan 160,000 MT/yr
Bowden, Alberta 40,000 MT/yr
More Than Protein
Why Plant Protein?
9
More Than Protein 10
World Population & Life Expectancy
Demand for Protein
We are witnessing increase in demand for protein with increase in population, life expectancy and wealth
Source: https://www.un.org/development/desa/publications/graphic/wpp2017-global-population
https://www.un.org/development/desa/publications/graphic/wpp2017-global-life-expectancy
https://www.caixabankresearch.com/en/economics-markets/labour-market-demographics/emergence-middle-class-emerging-
country-phenomenon
More Than Protein 11
Global Warming & Climate Change
Source: https://climate.nasa.gov/resources/global-warming-vs-climate-change/
https://www.sealevelrise.ca/
More Than Protein 12
Water Footprint
Source:
https://www.globalagriculture.org/fileadmin/_processed_/csm_Agriculturewithoutall2014_2f
2c73f547.jpg
How can we produce enough
sustainable protein to feed 10
billion people in the next 30 years?
13
More Than Protein 14
Pulses
Source: https://pulses.org/future-of-food/pulses-sustainable-food
More Than Protein 15
Pulse Based Ingredients & UN SDG
More Than Protein 16
Pulses in Canada
Source: https://pulsecanada.com/pulse/what-is-a-pulse
More Than Protein 17
Value Addition of Peas
Process Products
Cleaning Whole Peas
Dehulling Dehulled Peas & Hulls
Splitting Split Peas, Broken
Milling Pea Flour
Blending Various Mixtures
Dry Fractionation Pea Protein Concentrate
Pea Starch Concentrate
Wet Fractionation Pea Protein Isolate
Pea Starch Isolate
Soluble Pea Fibre
Molasses/Fertilizer
More Than Protein 18
Processing of Peas
Cleaning
Dehulling
Splitting
Milling
Air
Classifying
Separating
Whole Peas
Hulls
Pea Flour
Splits
Pea Protein
Concentrate
Pea Starch
Concentrate
Drying
Pea Protein
Isolate
Separating
Drying Drying
Pea Starch
Isolate
Soluble Pea
Fibre
Molasses
Dry Fractionation Wet Fractionation
More Than Protein 19
Pea Acres In Atlantic Canada
Peas 2017 2018 2019 2020
Green 2,599 5,391 5,427 4,870
Yellow 1,484 311 710 935
Total 4,083 5,702 6,137 5,805
Maritimes
Quebec
Peas 2017 2018 2019 2020
Green - 335 1,338 2,200
Note: Yield per acre estimate 1.25 MT
More Than Protein 20
MTP in Atlantic Canada
• MTP has been conducting R&D work
and expects with the technology
evolution and application of enzymes a
lower capacity fractionation would be
economically feasible.
• MTP has plans to expand its fraction of
peas into Atlantic Canada in future that
can process a capacity of 10,000
MT/yr.
• To make MTP’s fractionation plan in
Maritimes a success it is estimated
pea acres need to increase to 16,000
assuming an yield of 1.25 MT/acre.
Plan Products
• Whole Peas
• Dehulled Peas
• Split Peas
• Hulls
• Pea Flour
• Pea Protein Concentrate
• Peas Starch Concentrate
Pea Protein Isolate
• Peas Starch Isolate
• Soluble Pea Fibre
• Molasses
More Than Protein 21
MTP’s Investment Projection in Atlantic
Canada
Process Processing
Capacity (in MT)
Estimated Investment
(in CAD)
Cleaning 20,000 6,000,000.00
Dehulling & Splitting 20,000 1,000,000.00
Milling 15,000 500,000.00
Dry Fractionation 5,000 1,000,000.00
Wet Fractionation 10,000 15,000,000.00
Applications
22
More Than Protein
Human Food
23
Products Applications
• Whole Peas
• Dehulled Peas
• Split Peas
• Hulls
• Pea Flour
• Pea Protein Isolate
• Peas Starch Isolate
• Soluble Pea Fibre
• Cereals
• Soups
• Noodles
• Pasta
• Snacks
• Sauces
• Meat Alternatives
• Health Supplements
• Dairy Alternatives
• Nutrition
• Sports Drinks
• Others
More Than Protein
Pet Food
24
Products
Applications
• Split Peas
• Hulls
• Pea Flour
• Pea Protein Concentrate
• Peas Starch Concentrate
• Kibble/Dry Blends
• Canned
• Semi-Moist
More Than Protein
Aquafeed
25
Products
• Pea Protein Concentrate
• Pea Starch Concentrate
• Pea derivatives such as pea protein concentrate, pea starch concentrate,
enzyme treated pea extracts, etc. have been explored as an alternate or
substitute for other fish meal protein sources.
More Than Protein
Animal feed
26
Products
• Peas is regarded as a highly valuable protein source for animal nutrition.
• Whole Peas
• Dehulled Peas
• Split Peas
• Hulls
• Pea Flour
• Pea Protein Concentrate
• Pea Starch Concentrate
More Than Protein
Other applications from Pea
Ingredients
• Enzymes > Pea Peptides
• Cosmetics
• Nutraceutical
• Pharma
27
More Than Protein
Research Progress in Pea Protein
28
Source: https://onlinelibrary.wiley.com/doi/full/10.1111/1541-4337.12573
Questions?
29
Thank You!
More Than Protein
www.morethanprotein.ca
raj@morethanprotein.ca

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Value Addition of Peas and Plant Protein

  • 1. Value Addition of Peas and Plant Protein April 14 2021 More Than Protein Kanagaraj C Selvraj (RAJ)
  • 3. More Than Protein 3 More Than Protein Ingredients Inc. Who we are? • More Than Protein Ingredients Inc. (MTP)was founded with a vision to do value addition to peas and pulses at the source of production. • MTP will be the first in Alberta to tap into the fast-evolving plant-based pure ingredients market by building the Next Generation Protein Wet Fractionation Extraction Plant. • MTP will be the first protein fractionation project in Canada open to investors (includes individual). • The leadership team for MTP has extensive expertise in the pulse market & has expansive knowledge of plant-based ingredients.
  • 4. More Than Protein 4 More Than Protein Highlights Organic Cleaning Plant Conventional Cleaning Plant Location of new Protein Extraction Plant, Bowden AB • Business Operations: MTP consists of three operations: A 50,000 MT Conventional Pulse Cleaning & Splitting Plant, a 16,000 MT Organic Pulse Cleaning & Splitting Plant, and a 40,000 MT Pulse Protein Wet Fractionation Extraction Plant. The operation will supply organic & conventional cleaned pulses, split peas, & pulse protein, fibre and starch. MTP will build R&D, enzyme, and fibre refinement production lines, allowing MTP to develop new commercial-scale products rapidly. • Strategy: Complete pulse utilization with sales of both organic & conventional starch, pulse flour, protein, fibre, along with cleaned pulses & split peas. Will target Food, Nutrition, Pet Food, Feed, and Pharma manufacturers. MTP will take a first to market approach & focus on developing new & innovative plant-based ingredients.
  • 5. More Than Protein 5 More than Protein Project Timeline Protein Plant Operations Begin. Summer 2023 Site Preparation & Second Equity Raise. Jul–Sep 2021 Construction Starts. Oct 2021 Plant start-up begins. Apr 2023 Initial Equity Raise. Apr 2021
  • 6. More Than Protein 6 ESG (Environment, Social & Governance) CO2 Emissions from Plant- Based products are 10-50 times lower than most Animal-Based products.
  • 7. More Than Protein 7 MTP Wet Fractionation Plant
  • 8. More Than Protein 8 New Pea Protein Extraction Plants in Canada Company Location Capacity Portage la Prairie, Manitoba 125,000 MT/yr Winnipeg, Manitoba Phase 1: 20,000 MT/yr (Formerly Verdient Foods) Vanscoy, Saskatchewan 160,000 MT/yr Bowden, Alberta 40,000 MT/yr More Than Protein
  • 10. More Than Protein 10 World Population & Life Expectancy Demand for Protein We are witnessing increase in demand for protein with increase in population, life expectancy and wealth Source: https://www.un.org/development/desa/publications/graphic/wpp2017-global-population https://www.un.org/development/desa/publications/graphic/wpp2017-global-life-expectancy https://www.caixabankresearch.com/en/economics-markets/labour-market-demographics/emergence-middle-class-emerging- country-phenomenon
  • 11. More Than Protein 11 Global Warming & Climate Change Source: https://climate.nasa.gov/resources/global-warming-vs-climate-change/ https://www.sealevelrise.ca/
  • 12. More Than Protein 12 Water Footprint Source: https://www.globalagriculture.org/fileadmin/_processed_/csm_Agriculturewithoutall2014_2f 2c73f547.jpg
  • 13. How can we produce enough sustainable protein to feed 10 billion people in the next 30 years? 13
  • 14. More Than Protein 14 Pulses Source: https://pulses.org/future-of-food/pulses-sustainable-food
  • 15. More Than Protein 15 Pulse Based Ingredients & UN SDG
  • 16. More Than Protein 16 Pulses in Canada Source: https://pulsecanada.com/pulse/what-is-a-pulse
  • 17. More Than Protein 17 Value Addition of Peas Process Products Cleaning Whole Peas Dehulling Dehulled Peas & Hulls Splitting Split Peas, Broken Milling Pea Flour Blending Various Mixtures Dry Fractionation Pea Protein Concentrate Pea Starch Concentrate Wet Fractionation Pea Protein Isolate Pea Starch Isolate Soluble Pea Fibre Molasses/Fertilizer
  • 18. More Than Protein 18 Processing of Peas Cleaning Dehulling Splitting Milling Air Classifying Separating Whole Peas Hulls Pea Flour Splits Pea Protein Concentrate Pea Starch Concentrate Drying Pea Protein Isolate Separating Drying Drying Pea Starch Isolate Soluble Pea Fibre Molasses Dry Fractionation Wet Fractionation
  • 19. More Than Protein 19 Pea Acres In Atlantic Canada Peas 2017 2018 2019 2020 Green 2,599 5,391 5,427 4,870 Yellow 1,484 311 710 935 Total 4,083 5,702 6,137 5,805 Maritimes Quebec Peas 2017 2018 2019 2020 Green - 335 1,338 2,200 Note: Yield per acre estimate 1.25 MT
  • 20. More Than Protein 20 MTP in Atlantic Canada • MTP has been conducting R&D work and expects with the technology evolution and application of enzymes a lower capacity fractionation would be economically feasible. • MTP has plans to expand its fraction of peas into Atlantic Canada in future that can process a capacity of 10,000 MT/yr. • To make MTP’s fractionation plan in Maritimes a success it is estimated pea acres need to increase to 16,000 assuming an yield of 1.25 MT/acre. Plan Products • Whole Peas • Dehulled Peas • Split Peas • Hulls • Pea Flour • Pea Protein Concentrate • Peas Starch Concentrate Pea Protein Isolate • Peas Starch Isolate • Soluble Pea Fibre • Molasses
  • 21. More Than Protein 21 MTP’s Investment Projection in Atlantic Canada Process Processing Capacity (in MT) Estimated Investment (in CAD) Cleaning 20,000 6,000,000.00 Dehulling & Splitting 20,000 1,000,000.00 Milling 15,000 500,000.00 Dry Fractionation 5,000 1,000,000.00 Wet Fractionation 10,000 15,000,000.00
  • 23. More Than Protein Human Food 23 Products Applications • Whole Peas • Dehulled Peas • Split Peas • Hulls • Pea Flour • Pea Protein Isolate • Peas Starch Isolate • Soluble Pea Fibre • Cereals • Soups • Noodles • Pasta • Snacks • Sauces • Meat Alternatives • Health Supplements • Dairy Alternatives • Nutrition • Sports Drinks • Others
  • 24. More Than Protein Pet Food 24 Products Applications • Split Peas • Hulls • Pea Flour • Pea Protein Concentrate • Peas Starch Concentrate • Kibble/Dry Blends • Canned • Semi-Moist
  • 25. More Than Protein Aquafeed 25 Products • Pea Protein Concentrate • Pea Starch Concentrate • Pea derivatives such as pea protein concentrate, pea starch concentrate, enzyme treated pea extracts, etc. have been explored as an alternate or substitute for other fish meal protein sources.
  • 26. More Than Protein Animal feed 26 Products • Peas is regarded as a highly valuable protein source for animal nutrition. • Whole Peas • Dehulled Peas • Split Peas • Hulls • Pea Flour • Pea Protein Concentrate • Pea Starch Concentrate
  • 27. More Than Protein Other applications from Pea Ingredients • Enzymes > Pea Peptides • Cosmetics • Nutraceutical • Pharma 27
  • 28. More Than Protein Research Progress in Pea Protein 28 Source: https://onlinelibrary.wiley.com/doi/full/10.1111/1541-4337.12573
  • 30. Thank You! More Than Protein www.morethanprotein.ca raj@morethanprotein.ca