Australia’s first plant-protein isolate manufacturer, Australian Plant Proteins (APP), has entered voluntary administration, with industry leaders expressing frustration at the lack of government support, a reliance on imports, and drop in R&D investment in a sector with “enormous opportunity” for Australia.
APP was founded in 2016 by Melbourne-based agricultural investment management company, EAT Group founders Phil McFarlane and Brendan McKeegan.
It spent four years developing and patenting an innovative manufacturing process that extracted protein from pulses without using enzymes or solvents. This clean…