FCL To Build Canola Processing Plant And Canada’s Largest Renewable Diesel Facility In Regina
Today, Federated Co-operatives Limited (FCL) introduced its plans to develop an Integrated Agriculture Complex (IAC) north of the Co-op Refinery Complex in Regina. The IAC will embrace a renewable diesel facility, in addition to a brand new canola crushing plant in partnership with AGT Foods.
The FCL renewable diesel manufacturing plant alone represents a virtually $2 billion funding for the province and is predicted to create greater than 2,500 building jobs and 150 everlasting working jobs. The total IAC is estimated to have direct and oblique financial advantages of roughly $4.5 billion.
“This is an incredible alternative for Saskatchewan and for FCL and AGT Foods that may bolster the sustainability and financial objectives of those corporations and the province,” Premier Scott Moe mentioned. “Our province has the meals, fertilizer, and gasoline the world wants, together with renewable vitality from canola grown and processed right here, which speaks to the center of our plan for financial restoration and development as we work to construct an unbiased, robust and sustainable Saskatchewan.”
The FCL-AGT canola crushing facility will guarantee Saskatchewan exceeds its 2030 Growth Plan objective of processing 75 per cent of the canola grown in the province. It additionally helps the Growth Plan objective of accelerating agriculture value-added income to $10 billion.
The FCL renewable diesel plant could have a manufacturing capability of 15,000 barrels per day, or about 1 billion litres per yr. The FCL-AGT canola crush facility will use 1.1 million tonnes of canola seed to provide 450,000 tonnes of oil, supplying roughly 50 per cent of the feedstock required for the renewable diesel plant, with the rest of the provision being contracted from different canola crush services.
“We know the synergies between transportation gasoline manufacturing and agriculture will play a significant function in Western Canada’s transition to the low carbon financial system,” FCL CEO Scott Banda mentioned. “We consider our Co-op Retailing System is well-positioned to combine and seize the total agricultural value-chain in the manufacturing of gasoline and value-added merchandise. We are enthusiastic about our partnership with AGT and in the end what this announcement means for value-added agriculture in our province.”
With services and retailers in 249 communities in Saskatchewan, FCL and native co-ops make use of greater than 10,000 staff throughout the province.
Source : saskatchewan