This invention relates to a process for preparing a vegetable protein concentrate from oleaginous vegetable material that comprises the steps of: a) pre-treating the oleaginous vegetable material to open the cells b) extracting the pre-treated vegetable material in a first extractor with an apolar solvent, to produce a solvent-wet, defatted vegetable material c) contacting the defatted vegetable material with aqueous ethanol with an ethanol concentration of at least 80% by weight to produce a ethanol-wet, defatted vegetable material d) wetting the ethanol-wet, defatted vegetable material with aqueous ethanol e) extracting the vegetable material in an ultimate extractor to produce a solvent-wet proteinaceous material f) desolventising said solvent-wet proteinaceous material to produce a vegetable protein concentrate.