ANNOUNCEMENT 01 Mar 2022

On 1 March 2022, the Australian Department of Industry, Science, Industry, and Resources allocated AUD 113 million to a plant protein production project.

NUMBER OF INTERVENTIONS

2

  • 2 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

The Australian Department of Industry, Science, Industry, and Resources. Home. News. "Collaboration project announced in the national manufacturing priority food and beverage sector" of 1 March 2022. Available at:
https://www.industry.gov.au/news/collaboration-project-announced-in-the-national-manufacturing-priority-food-and-beverage-sector

Australian Minister for Industry, Energy and Emissions Reduction. Home. Taylor. The Hon Angus Taylor MP Media Releases. "Transforming SA into a powerhouse in plant protein manufacturing" of 1 March 2022. Available at:
https://www.minister.industry.gov.au/ministers/taylor/media-releases/transforming-sa-powerhouse-plant-protein-manufacturing

Inception date: 01 Mar 2022 | Removal date: open ended

Financial grant

On 1 March 2022, the Australian Ministry of Industry, Science, Energy, and Resources allocated an AUD 113 (USD 81) million financial grant to a plant protein production project under the Collaboration Stream of Australia's Modern Manufacturing Initiative (MMI). The project is led by Australian Plant Protein, a producer of pulse powders, in collaboration with Australian Milling Group and Thomas Foods International, both are Australian food manufacturers.

The objective of the financial grant is to construct three plant protein production facilities in South Australia. The plant protein facility will utilise local pulse proteins to meet domestic and global demands. According to the Minister of Industry, Energy, and Emissions Reduction, "it is a major step forward in transforming South Australia into a plant-based protein manufacturing and export powerhouse." The project is expected to create 1345 construction jobs and 384 manufacturing jobs over the next two years. 

The South Australian Government also allocated AUD 65 million to the project (please, see related intervention). 

The Collaboration Stream is an AUD 800 million initiative, with individual grants ranging from AUD 20 and AUD 200 million. To see other interventions related to the Collaboration Stream, and the MMI, please, see related state acts.

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
Inception date: 01 Mar 2022 | Removal date: open ended

State aid, unspecified

On 1 March 2022, the South Australian (SA) regional government allocated AUD 65 (USD 47) million to a plant protein production project in the region. The project is led by Australian Plant Protein, a producer of pulse powders, in collaboration with Australian Milling Group and Thomas Foods International, both domestic food manufacturers. It is unclear in what form the SA Government granted the funding.

The objective of the subsidy is to construct three plant protein production facilities in South Australia. The plant protein facility will utilise local pulse proteins to meet domestic and global demands. According to the South Australian Premier, "South Australia is already world-renowned for our premium food and produce and we now have a first mover opportunity to capitalise on the emerging global demand for plant protein-based food." The project is expected to create 1345 construction jobs and 384 manufacturing jobs over the next two years. 

The Australian Government also allocated AUD 113 million to the project through the Collaboration Stream of the Modern Manufacturing Initiative (MMI) (please, see related intervention). 

The Collaboration Stream is an AUD 800 million initiative, with individual grants ranging from AUD 20 and AUD 200 million. To see other interventions related to the Collaboration Stream, and the MMI, please, see related state acts.