Federated Co-Operatives Limited (FCL) have announced their plans to build an Integrated Agriculture Complex north of the CO-OP Refinery in Regina.
The complex will contain a renewable diesel facility along with a canola crushing plant in partnership with AGT Foods.
The renewable diesel product plant at FCL represents a $2 billion investment for the province. It’s expected to create 2,500 construction jobs and 150 permanent jobs. The economic benefit of the Integrated Agriculture Complex is expected to be $4.5 billion.
The FCL-AGT canola crushing facility will surpass their 2030 growth plan of processing 75% of the Canola grown in the province.
Premier Scott Moe is happy to see groups like FCL and AGT working together inside of Saskatchewan. “It should raise some eyebrows in this nation, this one of the largest investments that has ever been made in this province, the largest investment that was intentionally made by FCL and AGT together on an exciting project that it is for the people of Saskatchewan.”
The FCL renewable diesel plant will have a production capacity of 15,000 barrels a day or 1 billion litres per year.
The FCL-AGT canola crushing plant will use 1.1 million tonnes of Canola seed to produce of 450,000 tonnes of oil, supplying about 50% of the feedstock required for the renewable diesel plant with the remainder supplied for other canola crushing plant.
The Agriculture Integrated Complex is the next for FCL to deal with a low carbon economy according to CEO Scott Banda. “It will ensure that we are producing the transportation fuels to meet consumer needs while creating jobs, economic prosperity, and value added agricultural production for the over 600 that CO-OPs serve in Western Canada.”
The announcement of the Agriculture Integrated Complex shows Regina’s intentions of being a major player in the agricultural world says Mayor Sandra Masters. “We’re going to work hard to become a global ag and food hub, own up to that promise as a city here in the heartland of the richest agricultural land in the country and quite frankly probably in North America.”
(CKRM)