Feds Invest in Edmonton Organic Plant-Based Food Manufacturer

by | Apr 7, 2021 | Business, Funding, News

Photo: BioNeutra website

The Canadian government is investing $2.94 million from Western Economic Diversification Canada to double Edmonton, Alta.’s BioNeutra’s manufacturing capacity, the government says in a news release on April 7. The money will help BioNeutra further grow its product line of organic plant-based food ingredients for the global market.

“The agri-food industry presents enormous potential for diversifying Alberta’s economy, and our government is committed to ensuring that companies operating in this sector can continue to create good jobs for Canadians while supporting our economic recovery,” Mélanie Joly, federal minister of economic development and official languages, and minister responsible for Western Economic Diversification Canada, says in the release. 

BioNeutra will use the money to buy equipment needed to double its manufacturing capacity and move its bottling processes from a foreign supplier to the company’s Alberta facility, the release says. The expansion will result in the creation of 20 jobs.

BioNeutra focuses on converting starch molecules to healthier food ingredients without chemical modification. The company’s Alberta location is the only North American facility manufacturing a type of healthy food ingredient made from plant starch which is used in their VitaFiber line of products, the release notes.