If we do update one or more forward-looking statements, no inference should be made that we will make additional updates with respect to those or other forward-looking statements.Ethan Brown, Beyond Meat’s Founder & CEO commented, “This latest contract with Roquette reflects Beyond Meat's commitment to further scaling the plant protein supply chain as global demand for our products continues to rise. According to company filings from July 31, it also sources pea protein from Roquette, which is based in France.Lorenzen added that he believes pea farmers will be able to meet the exploding consumer demand.The expected growth in the market for meat alternative market has send Beyond's stock surging 528% since its May initial public offering.Beyond's meat substitutes appeal to flexitarians — people looking to consume less meat — because they more realistically mimic the taste and look of meat products.Since then, Beyond Meat has significantly ramped up production of its meat substitutes, which use peas as its primary source of protein. Beyond Meat’s pea protein supplier receives additional $75 million investment from Cargill Cargill previously invested $25 million in Puris, Beyond Meat’s pea protein supplier, in January 2018. However, increasing the use of recycled materials whilst ensuring that we keep these textiles free of toxic chemicals presents a challenge for the industry. This will inform H&M and Ikea on how to use the recycled textiles in compliance with safety standards.
Offering the best of nature, Roquette is a global leader in plant-based ingredients and a pioneer of new vegetal proteins. Both Beyond Meat and it's direct competitor Impossible Foods have spent 2019 sprinting to keep up with demand on both production capacity and sourcing. Supply Agreement Reinforces the Partnership between the Companies and Supports Beyond Meat’s Long-term Growth in the United States and Internationally EL SEGUNDO, Calif., Jan. 14, 2020 (GLOBE NEWSWIRE) -- Beyond Meat (NASDAQ: BYND), a leader in plant-based meat, today announced a multi-year pea protein supply agreement with Roquette, a global leader in plant-based … Former NFL player and current CEO and President of Puris, Tyler Lorenzen, joined Cheddar to discuss how his company harvests and supplies pea-based protein to companies like Beyond Meat. EL SEGUNDO, Calif. — Beyond Meat has entered into a multi-year agreement for the supply of pea protein from ingredient supplier Roquette, Lestrem, France. Meanwhile, Roquette Frères, the French plant-based ingredient manufacturer that is currently Beyond Meat’s supplier, is spending more than $400 million to build what it claims will be the largest pea processing plant in the world in Portage la Prairie, Man. The study covered cotton but will soon include polyester and wool, according to H&M. The plant-based meat brand has tripled its sourcing of pea protein for 2020 as a strategy focused on “conservatism” to preserve supply of its product's raw ingredient.Anna Biverstål, global business expert on materials at H&M, said: “Recycled materials are key elements in a circular economy. And agricultural firms are taking note.