- EIB co-finances a pea protein plant in Sweden with EUR 50 million.
- The plant will process over 40,000 tonnes of peas annually.
- Completion is expected in the first half of 2027.
- The project aligns with EU goals for self-sufficiency and sustainability.
Investment Overview
The European Investment Bank (EIB) has granted a EUR 50 million loan to support the construction of a new pea protein plant in Lidköping, Sweden. This funding covers approximately half of the project's total investment cost.
Project Details
The plant, the first of its kind in Sweden, will have the capacity to process over 40,000 tonnes of peas annually. It is expected to be completed in the first half of 2027 and will create around 30 new jobs in the region.
Strategic Goals
This initiative aligns with the European Union's objectives to enhance self-sufficiency in plant proteins, promote sustainable agriculture, and reduce climate impact. By increasing the use of locally grown legumes, the project aims to decrease reliance on imported soy, thereby supporting EU sustainability goals.
Environmental Impact
Peas and field beans, the primary crops for this plant, are considered climate-smart due to their low water and nutrient requirements and their positive impact on biodiversity. The plant will produce high-quality plant-based protein for various food products, offering a sustainable alternative to animal protein.
