A Canadian start-up that processes soybeans for the meals business has tagged Sarnia for a processing plant with an preliminary capital funding of about $170 million.
Website choice is within the remaining levels and, if all goes nicely, New Protein International (NPG) will make an official announcement in July, says Matthew Slotwinski, senior financial growth officer with the Sarnia-Lambton Financial Partnership.
NPG officers declined remark however licensed Slotwinski to offer The Journal with particulars concerning the venture, which might create 107 full-time expert jobs in Sarnia.
“SLEP and regional stakeholders are working very carefully with NPG to make sure the venture strikes ahead,” mentioned Slotwinski.
Objects vital to the operation nonetheless should be ironed out, however rezoning and Official Plan purposes have landed at Metropolis Corridor.
A public assembly is scheduled for July 25 at 1 p.m.
NPG, a Canadian firm, thought-about at the very least one different area earlier than zeroing in on Sarnia about three years in the past. The plant is proposed for 8.4 hectares (21 acres) of the Bluewater Power Park on Vidal Road South, previously the Dow Chemical lands and now owned by TransAlta.
NPG plans to lease the land to construct a procession plant together with an administration constructing, warehouse, and different buildings within the Power Park, which is designated for heavy business.
About 20 truckloads of soybeans would arrive onsite day by day for processing. The beans can be crushed into flour and soybean isolate, then warehoused on the market to native, regional and worldwide markets.
NPG intends to make use of expertise new to Canada however confirmed elsewhere on the earth, mentioned Slotwinski.
The corporate has developed a proprietary extraction course of that produces food-grade soy proteins with out the usage of hexane, a solvent produced from crude oil and used to extract vegetable oil from plant seeds.
Sarnia was chosen due to its proximity to the U.S. border, aggressive vitality charges, expert workforce, and the supply of uncooked supplies, Slotwinski mentioned.
Soybeans are amongst Lambton County’s largest money crops with an estimated 190,000 acres harvested a yr, in line with the Ontario Ministry of Agriculture, Meals and Rural Affairs.
The monetary funding in the neighborhood can be important, mentioned Slotwinski.
“It could characterize diversification of our industrial base, bringing a great combine that ties collectively chemistry and agriculture.”