Low oil prices push Canadian biodiesel plant into receivership

February 5, 2018 |

In Canada, Saskatchewan-based Milligan Biofuels that has bought up to 50,000 metric tons of off-spec canola from the prairie region to produce 20 million liters of biodiesel annually has entered receivership and closed its doors because it can no longer compete with low oil prices. Calgary’s Hardie and Kelly is handling the administration of the facility and its debts. Western prairie farmers have long relied on Milligan to buy low quality canola, leaving a potential gap in the market.

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Category: Producer News

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