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.