EIB Backs Lantmännen’s Pea Protein Facility in Sweden as Part of EU’s Sustainable Protein Strategy

The European Investment Bank (EIB) has provided a loan of EUR 50 million to Lantmännen, a Swedish agricultural cooperative, to help build a pea protein processing plant in Lidköping, Sweden. The facility is set to enhance food security and reduce the EU's dependence on imported proteins by increasing self-sufficiency in plant-based protein production. The plant will have an annual capacity of over 40,000 tons of peas, with the processed pea protein isolate being used in various plant-based food products.

The project aims to create around 30 new jobs and promote sustainability by supporting domestic production of legumes like peas, which have a low environmental impact and require minimal resources. By reducing Sweden's reliance on imported soy, the initiative aligns with the EU's goals of advancing sustainable agricultural practices and enhancing food security. The EIB's investment underscores its commitment to financing projects that contribute to the EU's strategic priorities, including climate action, digital innovation, and sustainable agriculture.