Global agribusiness giant Cargill is planning to build a new canola processing facility in Regina, Saskatchewan, Canada, the company announced on 22 April.

Cargill said it expected to begin construction on the US$350M project, which would have a similar design to its existing Camrose facility, early next year with plans to be operational by early 2024. The new facility is projected to have an annual production capacity of 1M tonnes.

The company is also updating and modernising its canola crushing facilities in Camrose, Alberta, and Clavet, Saskatchewan, over the next year to increase volume and broaden capabilities at both locations.

“We are confident in the continued growth and competitiveness of the canola processing industry and look forward to helping farmers access increasing market demand,” said Cargill Canada president Jeff Vassart.

The Regina, Camrose and Clavet projects build upon the company’s work to modernise and expand capacity across its North American oilseeds network.

In March, Cargill announced a series of other projects across its US soya processing facilities.