FCL to build nation's largest renewable diesel facility, canola processing plant in Regina
Federated Co-operatives Limited (FCL) has announced plans to build Canada’s largest renewable diesel facility, along with a canola processing plant, in Regina.
FCL said it plans for the two facilities to be located north of the Co-op Refinery Complex and will be known as the Integrated Agriculture Complex.
Regina’s AGT Foods, will be a partner for the canola crushing plant.
They say the partnership furthers the synergies between the production of renewable transportation, fuel and agriculture, creating what they are calling farm to fuel tank.
“We have the best distribution network across western Canada to bring that fuel right back to the farm and to start the cycle all over again,” said Scott Banda, CEO of FCL.
FCL said the project represents an investment of nearly $2 billion, for Saskatchewan and is expected to create more than 2,500 jobs during construction and another 300 permanent positions.
Mayor Sandra Masters, said the opportunity for growth is enormous for the city.
“These are great jobs in terms of the opportunity it provides to folks either looking to move here, or looking to advance and change careers, they’re mortgage paying jobs,” she said.
The direct economic benefit is in forecast to be in the neighbourhood of $4.5 billion.
The province said the canola crushing facility will ensure Saskatchewan exceeds its
2030 growth plan goal of processing 75 per cent of the canola grown in Saskatchewan.
FCL’s renewable diesel plant will have a production capacity of about 15,000 barrels per day, which adds up to about one billion litres per year.
FCL-AGT’s canola crushing facility is expected to use 1.1 million tonnes of canola seed to make 450,000 tonnes of oil.
FCL said the crushing plant built in the complex will be able to produce 50 per cent of the feed stock required to meet production capacity.
AGT said directing the canola towards fuel won’t impact the food crisis, adding they will use their technology to make the canola mead go even further.
Murad Al-Katib, president and CEO at AGT Foods, said he thinks they could generate even more to fill the food gap.
“We’re ultimately going to put this back into high value use in the food systems, we think, again, generating even more food to close that food gap on both population growth and middle income growth around the world.”
Al-Katib said there is a demand for quality plant based protein, environmental stewardship and cleaner energy, adding this complex helps both organizations get closer to becoming net zero.
Premier Scott Moe said the announcement is a “big win” for Saskatchewan’s economy, communities and workers.
“I think most importantly, and not to in anyway be understated, this is a significant win for the environment in our province and in our nation and around the world,” Moe added.
FCL is anticipating the renewable diesel facility will be operating in 2027, with the crushing plant operating before then.
CTVNews.ca Top Stories
Indian envoy warns of 'big red line,' days after charges laid in Nijjar case
India's envoy to Canada insists relations between the two countries are positive overall, despite what he describes as 'a lot of noise.'
Stormy Daniels describes meeting Trump during occasionally graphic testimony in hush money trial
With Donald Trump sitting just feet away, Stormy Daniels testified Tuesday at the former president's hush money trial about a sexual encounter the porn actor says they had in 2006 that resulted in her being paid to keep silent during the presidential race 10 years later.
U.S. paused bomb shipment to Israel to signal concerns over Rafah invasion, official says
The U.S. paused a shipment of bombs to Israel last week over concerns that Israel was approaching a decision on launching a full-scale assault on the southern Gaza city of Rafah against the wishes of the U.S.
Former homicide detective explains how police will investigate shooting outside Drake's Bridle Path mansion
Footage from dozens of security cameras in the area of Drake’s Bridle Path mansion could be the key to identifying the suspect responsible for shooting and seriously injuring a security guard outside the rapper’s sprawling home early Tuesday morning, a former Toronto homicide detective says.
Northern Ont. woman makes 'eggstraordinary' find
A chicken farmer near Mattawa made an 'eggstraordinary' find Friday morning when she discovered one of her hens laid an egg close to three times the size of an average large chicken egg.
Susan Buckner, who played spirited cheerleader Patty Simcox in 'Grease,' dead at 72
Susan Buckner, best known for playing peppy Rydell High School cheerleader Patty Simcox in the 1978 classic movie musical 'Grease,' has died. She was 72.
Jeremy Skibicki has 'uphill battle' to prove he's not criminally responsible in Winnipeg killings: legal analysts
Accused killer Jeremy Skibicki could have a challenging time convincing a judge that he is not criminally responsible for the deaths of four Indigenous women, a legal analyst says.
Bye-bye bag fee: Calgary repeals single-use bylaw
A Calgary bylaw requiring businesses to charge a minimum bag fee and only provide single-use items when requested has officially been tossed.
Alcohol believed to be a factor in boating incident after 2 men die: N.S. RCMP
Two Nova Scotia men are dead after a boat they were travelling in sank in the Annapolis River in Granville Centre, N.S., on Monday.