Charlottetown, P.E.I. – A new facility in the Pooles Corner business park will extract oil and meal from soybeans to be used as an additive in livestock feed.
Soya-Source Inc. opened the new facility with funding from the federal and provincial governments.
The soy meal and oil made at the facility will add a significant amount of natural protein to processed livestock feed.
The owners, the VandenBroeck family, say the new facility will also help Island farmers, by allowing them to purchase soy oil and soy meal locally, which helps them cut down on costs.
The innovative processing facility will also help the Island agriculture community, says the provincial government. With the increase in price for soybeans and a decrease in the need for barley and wheat, more farmers are turning to soybean as a cash crop. The new facility will enable the farmers to sell their crop locally and reduce overall shipping costs.