Global agribusiness giant Louis Dreyfus Company (LDC) will expand its canola processing complex in Yorkton, Saskatchewan, Canada.
Construction of an additional canola crushing line was due to start later this year and would more than double the facility’s crushing capacity to more than 2M tonnes/year, the company said on 11 April.
“This investment supports the group’s strategic growth plans by reinforcing core merchandising activities, in this case with additional capacity to originate and process Canadian canola seeds to provide nourishment for people and livestock,” LDC’s CEO Michael Gelchie said.
“It also positions LDC as a strategic feedstock provider to renewable energy producers and accelerates our contribution to a global energy transition.”
LDC has operated the facility, which produces food grade canola oil and feed meal, since 2009.
Located in Canada’s most productive agricultural zone, where canola is the dominant crop, the facility had dual rail and good road infrastructure, LDC said.
The expansion would create further operational synergies and enhance canola seed sourcing capabilities, the company said.
“This project reflects our long-term commitment to North America as a key market for LDC, both in terms of origination and distribution, and is expected to contribute to continued local economic development,” LDC’s country manager for Canada Brian Conn said.