PIP LETHBRIDGE INC.

PIP is a cutting-edge agri-tech company producing world-class pea protein using advanced proprietary processes and sustainable technologies. PIP is a wet fractionation processing facility with high thermal demand. PIP is implementing an innovative Thermal Energy Storage (TES) system that utilizes a patented technology to store heat in crushed rocks. PIP International, a Canadian-based agri-food company, opened a $20-million pea-processing pilot facility in Lethbridge. The facility was converted into a fully commercialized pea-processing and testing centre. Phase 2 will establish a new $150-million yellow pea protein facility in Lethbridge. Construction of the facility will begin in late 2022. The facility will create 100 new jobs, process about 126,000 tonnes of yellow peas annually and support more than $75 million in annual pea contracts for local and regional growers. PIP's technologies improved pea processing efficiency by 20 per cent and raised the value of peas from less than one dollar per kilogram to more than eight dollars per kilogram.