fedcoop

Federated Co-operatives Limited (FCL) has entered a joint venture with AGT Food and Ingredients Inc. (AGT Foods) to build a $360 million canola crush facility. The facility is part of a $2 billion investment FCL is making in the construction of an integrated Agriculture Complex.

The partnership with AGT is a 51 per cent - 49 per cent split, with FCL holding the majority ownership stake. The canola crush facility will supply approximately 50% of the feedstock required for a 15,000-barrel-per-day renewable diesel plant, with the remainder of the supply contracted from other canola crush facilities.

“We are so pleased to have AGT as a partner. Murad and his team are already playing an instrumental role in Saskatchewan agriculture and will bring a great deal of expertise to this venture,” says Scott Banda, CEO of FCL. “We are excited to realize the vision we share to bring value-added opportunities to the agriculture sector in both farm-to-tank and farm-to-fork opportunities that will benefit the communities we serve.”

The announcement builds on FCL's recent announcement about advancing plans to construct a renewable diesel facility in the Regina area. The IAC will include the recently announced renewable diesel plant and canola crushing plant that will produce the feedstock for the plant-based fuels produced at the renewable diesel facility.

FCLand AGT Foods say the IAC creates opportunities for local Co-ops and agricultural producers. Through the integration of agriculture with plant-based fuel production, FCL is providing farmers with another marketing opportunity for their crops and local Co-ops with another opportunity to build even stronger relationships with producers. From seed to tank, Co-op and AGT will be able to provide farmers with options for their products at all levels of the agricultural value chain.

Share your company and people news with the industry.
Contact Grocery Business’ content manager
Stacey Newman ([email protected])

Back to Top