Cargill has announced plans to construct a new canola processing facility in Saskatchewan, Canada, in an effort to meet growing global demand for canola products.
The company is investing $350 million in the project and expects to begin work early next year, with plans to be operational by early 2024.
Located in Regina, Saskatchewan, the facility is projected to have an annual production capacity of 1 million metric tonnes. Cargill says the plant will also provide a consistent and fast point of delivery for farmers and end users.
Upon completion, Cargill expects the facility will provide approximately 50 full-time jobs.
In addition, Cargill plans to update and modernise its other two canola crush facilities in Camrose and Clavet over the next 12 months to increase volume and broaden its capabilities.
“We are confident in the continued growth and competitiveness of the canola processing industry and look forward to helping farmers access increasing market demand,” said Jeff Vassart, president of Cargill Canada.
“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.”
The $350 million investment builds upon Cargill’s overall work to modernise and expand capacity across its North America oilseeds network and comes after it announced a further investment into its US soy processing operations, valued at $475 million.
Premier of Saskatchewan, Scott Moe, said: “We welcome this significant investment and look forward to working with Cargill to add value to the canola our producers grow, create local jobs and support Saskatchewan’s economic growth.”
The announcement also follows Cargill’s acquisition of Precision Ag, which operates four crop input retail sites in Saskatchewan.
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