Cargill is planning to build a crush plant with annual capability for a million tonnes of canola in Regina, Sask.
Building is slated to start in early 2022, with operations starting in early 2024.
Cargill estimates it can value round $350 million and says it can have the same design as the corporate’s canola processing facility at Clavet, Sask. (pictured above.)
Talking of the Clavet plant, the corporate says it can additionally replace and improve capability at its present canola amenities in Camrose, Alta. and Clavet over the subsequent 12 months.
“Through these projects, we’re committed to providing a better, more efficient customer experience across our network, making it easier to do business with Cargill,” says Jeff Vassart, president of Cargill Canada.
He says Cargill is assured within the continued progress and competitiveness of the canola processing trade and appears ahead to serving to farmers entry growing market demand.
As soon as accomplished, Cargill expects the Regina facility would require roughly 50 full-time workers.
Sources have indicated Viterra can also be wanting to build a canola processing facility at Regina following a land take care of the town earlier this month. In March, Richardson introduced plans to double the canola crush capability at its plant in Yorkton, Sask.
As well as to robust demand from conventional markets, demand for canola oil is predicted to rise with elevated manufacturing of renewable diesel, as governments in Canada, the U.S. and Europe are introducing guidelines requiring fuels with diminished carbon depth. True North Renewable Fuels, which was acquired by Federated Co-op earlier this month, and Covenant Power at Estevan, Sask. are among the many corporations wanting to build renewable diesel manufacturing amenities in Saskatchewan.