Vegreville is ideally positioned as an agricultural-based manufacturing/processing centre and is home to Innotech Alberta providing research support for companies to perfect their product for the marketplace. InnoTech is a research and development facility that also features a 13,000 sq. ft. processing pilot plant concentrating on decorticating hemp and flax fibres.
Within a 150km radius, Vegreville has access to close to 6,000,000 cultivated acres of feedstock which include field peas, canola, wheat, oats, and barley. Alternative crops include hemp, fava beans, flax, and other pulse crops.
Vegreville Seed Cleaning Plant is equipped with Pea Ladders in the bins to greatly reduce splitting and cracking of pulse crops. The gentle handling of these crops is a tremendous asset in quality for the seed and human consumption markets.
By 2030, the global demand for plant-based protein is anticipated to reach $100 billion and the Vegreville region has the ingredients needed to attract investment in this growing industry. The growth of this sector is being led by a global shift that is happening in the way people are consuming food.
- Attractive subsidies exist from the Government of Canada for qualifying investments in plant-based protein.
- The Government of Canada will support funded access to machinery for product testing and manufacturing from the Food Processing Development Centre.
- At 8%, Alberta has the lowest tax rate in Canada