REGINA — Cargill has announced plans to construct a $350 million canola processing facility in Regina. The company plans to start construction next year and be operational by 2024.
“Saskatchewan is a leader in agriculture production and through investments such as this we are growing our capacity to process these products at home,” Premier Scott Moe said in a statement. “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 facility is being designed for a yearly production capacity of one million metric tonnes. Provincial officials noted the facility will help them reach their goal of crushing 75 per cent of the canola the province produces. In addition to constructing the new facility, Cargill also plans to update and modernize its canola facility in Clavet over the next 12 months to increase volume and broaden capabilities.
“Cargill is excited to continue to build our business in Canada. We see Saskatchewan as the right place to make this investment, as Regina is well-positioned in the canola production area and there is ample talent available to support the new facility,” said Cargill Canada president Jeff Vassart. “We look forward to helping farmers access the market opportunity from the rapidly growing global demand for canola.”