Processing plant will serve animal feed, human food and fuel markets
Cargill has broken ground on its new $350 million canola processing facility in Regina, Saskatchewan.
The new facility is projected to have an annual production capacity of 1 million metric tons and will support the growing global demand for canola products in the animal feed, human food and fuel markets. Cargill anticipates the project to be completed by 2024.
“We’re excited to be building a new state-of-the art canola processing facility in Regina,” said Jeff Vassart, president, Cargill Canada. “We see strong potential in the growth and competitiveness of the canola processing industry and look forward to helping farmers across Saskatchewan access the increasing market demand.”
The new Regina facility will be Cargill’s second canola processing facility in Saskatchewan and third in Western Canada.
“Our government is grateful for Cargill’s investment in Saskatchewan and further supporting sustainable supply chains around the world,” said Saskatchewan Premier Scott Moe. “The investment will enhance our agricultural sector profile by bringing welcome jobs and increased value-added production, and bolster Saskatchewan’s position of becoming a global canola crush powerhouse.”
In April, Saskatchewan sold $38 million in land, 247 acres in all, at the Global Transportation Hub (GTH) for the facility. Vassart has previously said the location would give farmers easy access for deliveries, as well as allow the company to efficiently deliver agricultural goods to end-users.
Cargill first announced plans to build a new $350-million canola processing facility in Saskatchewan in April 2021. The facility is expected to create 50 full-time jobs and process one million metric tons of seed each year.