Bird Construction Inc. (TSX:BDT) (OTC:BIRDF) has been chosen to lead the design and construction of Phyto Organix Foods Inc.'s state-of-the-art, net-zero plant protein processing facility in Strathmore, Alberta. The progressive design-build contract is worth C$125 million.
What Happened: Bird will be in charge of the facility's design and construction and the 3D connectivity to the processing equipment.
The completed facility will use a proprietary wet fractionation technology to annually process 40,000 metric tonnes of yellow peas into soluble and insoluble protein isolates, processed fibre and starch, and high-quality dietary pea hull fibre.
Why It's Important: The 100,000-square-foot facility will be North America's first net-zero plant protein processing facility, using technology solutions to recycle and reuse water, leverage low-emission energy sources, and reduce overall energy consumption.
Price Action: BDT shares are trading lower by 0.37% at C$8.14 on TSX and BIRDF higher by 1.80% at $6.34 on the last check Tuesday.
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