Feds support Alberta agri-food sector with investment in BioNeutra
by CM Staff
Investment of $2.94 million will double BioNeutra's manufacturing capacity
EDMONTON, Alta. — The Government of Canada announced a federal investment of $2,942,050 for Edmonton-based BioNeutra to further grow its product line of organic plant-based food ingredients for the global market.
“The demand for healthy, organic plant-based foods is growing exponentially around the world, and Alberta is well-positioned to capitalize on this opportunity thanks to its strong agricultural sector,” said Jim Carr, Special Representative for the Prairies, in a prepared statement. “With today’s investment, the Government of Canada is supporting an Alberta company, helping to create jobs, and working to further strengthen Canada’s agriculture industry.”
WD funding will enable BioNeutra to acquire equipment needed to double its manufacturing capacity and move its bottling processes from a foreign supplier to the company’s Alberta facility. The federal investment will help to better position BioNeutra to expand globally, creating quality jobs for Albertans, and building on Canada’s reputation as a leader in the agri-food sector. Over the next four years, the project is expected to result in more than 20 high-value 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. This process enables BioNeutra to produce its VitaFiber line of products—a naturally sweet, low calorie, and high fiber alternative to sugar. The VitaFiber line of natural and organic food products are sold to consumers and to food manufacturers looking to use healthier alternatives to sugar in their products.