The CEO of a planned pulse processing plant to be built in Harrold says the South Dakota plant can compete with North Dakota’s established pulse processing industry by moving into secondary processing.
Mat Chaudry, who plans to move to Pierre in early 2013 to manage the Harrold plant as the project moves forward, says such secondary processing includes making gluten-free flours and pulse protein, for example, instead of simply cleaning and packaging pulse crops.
Chaudry was one of the speakers Thursday at an informational meeting for potential investors in Fort Pierre. South Dakota Pulse Processors LLC. is working to raise $1.5 million to $2 million from investors in order to move forward on its plans to process dry peas, lentils and chickpeas.
Chaudry said the company will produce green and yellow split peas, red whole lentils, chickpeas, organic lentils for the U.S. health food market, Halal and Kosher pulse crops that conform to Islamic and Jewish processing requirements, gluten-free flours, and high-quality plant-based proteins. Even the food waste materials will be packaged and sold as animal feed, Chaudry said.
The company’s plan is to process about 224,315 bushels of pulse crops the first year, working only one shift. But by the fourth and fifth years, the company’s plan is to operate a full three shifts in order to process 1,271,600 bushels a year.
The initial strategy is to sell 60 percent of the plant’s production to international markets and 40 percent to ethnic and traditional markets in the U.S.
The company’s web site for more information is sdpulseprocessors.com.