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
Breast cancer screening should start at age 40, Canadian Cancer Society says
The Canadian Cancer Society says all provinces and territories should lower the starting age for breast cancer screening to 40.
DEVELOPING Live updates as Stormy Daniels testifies at Trump hush money trial
Adult film star Stormy Daniels is on the stand a second time Thursday as former U.S. president Donald Trump’s hush money case continues in Manhattan. Follow live updates here.
Ontario family receives massive hospital bill as part of LTC law, refuses to pay
A southwestern Ontario woman has received an $8,400 bill from a hospital in Windsor, Ont., after she refused to put her mother in a nursing home she hated -- and she says she has no intention of paying it.
Canadian-Israeli man shot dead in Egypt; claim links killing to Gaza
A Canadian man 'of Jewish Israeli descent' has been shot dead in the Egyptian city of Alexandria in a suspected criminal case, a security source said, while a previously unknown militant group said it carried out the attack in reaction to the war in Gaza.
Here are the ultraprocessed foods you most need to avoid, according to a 30-year study
Studies have shown that ultraprocessed foods can have a detrimental impact on health. But 30 years of research show they don’t all have the same impact.
Ontario man frustrated after $3,500 paving job leaves driveway in shambles
An Ontario man considering having his driveway paved received a quote from a company for $7,000, but then, another paver in the neighbourhood knocked on his door and offered half that rate.
Why these immigrants to Canada say they're thinking about leaving, or have already moved on
For some immigrants, their dreams of permanently settling in Canada have taken an unexpected twist.
BREAKING Sheldon Keefe out as head coach of Toronto Maple Leafs
The Toronto Maple Leafs have fired head coach Sheldon Keefe. The team made the announcement Thursday after the Original Six franchise lost to the Boston Bruins in seven games in the first round of the Stanley Cup playoffs.
Boeing 737 catches fire and skids off the runway at a Senegal airport, injuring 10 people
A Boeing 737-300 plane carrying 85 people skidded off a runway at the airport in Dakar, Senegal's capital, injuring 10 people, according to the transport minister, an airline safety group and footage from a passenger that showed the aircraft on fire.