Main Worth-Added Agriculture Funding Introduced in Saskatchewan | Information and Media


Launched on January 17, 2022

FCL To Construct Canola Processing Plant And Canada’s Largest Renewable Diesel Facility In Regina

Right now, Federated Co-operatives Restricted (FCL) introduced its plans to develop an Built-in Agriculture Advanced (IAC) north of the Co-op Refinery Advanced in Regina.  The IAC will embrace a renewable diesel facility, in addition to a brand new canola crushing plant in partnership with AGT Meals.

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 development jobs and 150 everlasting working jobs.  The complete IAC is estimated to have direct and oblique financial advantages of roughly $4.5 billion.

“This can be a large alternative for Saskatchewan and for FCL and AGT Meals that can bolster the sustainability and financial objectives of those corporations and the province,” Premier Scott Moe stated.  “Our province has the meals, fertilizer, and gas the world wants, together with renewable power from canola grown and processed right here, which speaks to the guts of our plan for financial restoration and progress as we work to construct an unbiased, robust and sustainable Saskatchewan.”

The FCL-AGT canola crushing facility will guarantee Saskatchewan exceeds its 2030 Development Plan purpose of processing 75 per cent of the canola grown within the province.  It additionally helps the Development Plan purpose of accelerating agriculture value-added income to $10 billion.

The FCL renewable diesel plant can have a manufacturing capability of 15,000 barrels per day, or about 1 billion litres per 12 months. The FCL-AGT canola crush facility will use 1.1 million tonnes of canola seed to supply 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 all know the synergies between transportation gas manufacturing and agriculture will play a significant position in Western Canada’s transition to the low carbon financial system,” FCL CEO Scott Banda stated.  “We consider our Co-op Retailing System is well-positioned to combine and seize the complete agricultural value-chain within the manufacturing of gas and value-added merchandise.  We’re enthusiastic about our partnership with AGT and finally 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.

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For extra info, contact:

Robin Speer
Commerce and Export Growth
Regina
Telephone: 306-519-5006
E-mail: robin.speer@gov.sk.ca



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