Canada’s Saskatchewan province has sold land at its inland port to global agribusiness giant Cargill for a canola crushing plant, the Saskatoon Star Phoenix reported.
The Global Transportation Hub (GTH) authority in Regina, Saskatchewan – one of Canada's inland ports – sold the land to Cargill for US$38M, according to the 6 April report.
Cargill announced plans for the new 1M tonnes/year canola plant last April saying it expected to begin construction this year with plans to become operational by early 2024.
“We are confident in the continued growth and competitiveness of the canola processing industry and look forward to helping farmers access increasing market demand,” Jeff Vassart, president of Cargill Canada, said in a press release last year announcing the plans.
Alongside plans for the US$350M Regina canola plant, Cargill said it would also be updating its canola facilities in Camrose and Clavet to increase production.