GPSA seeks clarity on future of plant-protein funding

Grain Producers SA (GPSA) has written to the Federal and State governments seeking immediate clarification around funding for the $378 million plant-protein project in South Australia.

On 1 March 2022, the Federal and State governments announced that “South Australia is set to be home of the largest pulse protein ingredient manufacturing capability in Australia”. The Federal Government committed $113 million for the project led by Australian Plant Proteins under the Collaboration Stream of the $1.3 billion Modern Manufacturing Initiative, with the State Government committing $65 million.

However, it has been reported there is now uncertainty about announced government funding for the collaborative project.
GPSA Chief Executive Officer Brad Perry has written to relevant Ministers in the Federal and State governments seeking assurances on funding for the plant-protein initiative.

“The successful establishment of a plant-protein manufacturing sector in South Australia would not only diversify our economy but also contribute to our broader agricultural and trade objectives,” he said.

“The initial announcement of this investment was met with great enthusiasm and anticipation, as it represents a significant opportunity for our state to emerge as a leader in the rapidly growing plant-protein industry.

“The development of such a sector not only aligns with South Australia’s Grain Industry Blueprint but our state’s commitment to sustainable and innovative economic growth.

“GPSA is seeking further information around Federal and State funding guarantees for this important project following reported concerns.

“Given the substantial potential this project holds for South Australia, its agricultural community, and our national economy, GPSA is seeking immediate clarity on the status of the joint investments and the future of this project.”

The project is expected to create up to 1345 construction jobs and 384 new direct manufacturing jobs by 2024 and support more than 8,500 new full-time positions in the supply chain and economy by 2034. This initiative is also expected to generate up to $4 billion in exports by 2032, including to the US, south-east Asia and Europe.