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Manufacturing & Technology
Burcon Finalizes Agreement for North American Protein Production Facility
Vegconomist • Feb 05, 2025
Burcon NutraScience Corporation has finalized an agreement with ProMan for the acquisition and operation of a protein production facility in North America. The facility will be dedicated to manufacturing Burcon’s plant-based protein ingredients, with ProMan purchasing the facility and granting exclusive access to Burcon for a seven-year term. This move is seen as a key step in Burcon’s growth strategy, allowing the company to establish a direct route to market for its innovative protein technologies.

The production facility, to be acquired by Burcon, will process plant proteins using locally sourced raw materials and will have the ability for modular expansion to scale production as demand increases. Financial projections include first-year sales of $1–3 million, with double-digit revenue growth anticipated in the second year. The company aims to achieve gross margins exceeding 50% and targets profitability and positive cash flow by 2026. This partnership aligns with Burcon’s focus on sustainable, plant-based nutrition and the company's positioning in the rapidly growing protein ingredients industry.
*This summary was generated using AI.
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