It’s a Canola Crushing Showdown - Cargill is Also Planning a $350M Facility in Regina
Well, not only is Viterra planning to build the world’s largest canola crushing plant in Regina, Saskatchewan, but Cargill has also now announced its plans to invest $350 million to construct its own canola crushing facility in Regina.
The new project will have a similar design as Cargill’s existing facility in Camrose, Alberta (which will also be updated along with the Clavet, Saskatchewan facility over the next 12 months) and is expected to be operational by early 2024.
The state-of-the-art crushing site is expected to provide a consistent and fast point of delivery for farmers and end users, and will have an annual production capacity of 1 million tons. During the construction phase the project will generate 1 million hours of employment, and when fully online, will add approximately 50 full-time jobs. This project, along with the Camrose and Clavet upgrades, are in line with Cargill’s work to modernize and expand its capacity across its North American oilseed network - and follows upon the company’s announcement that it was investing $475 million to fund a series of other projects across its U.S. soy processing facilities.