Federated Co-operatives Limited buys land in Regina to build renewable diesel plant

November 11, 2021 |

In Canada, Federated Co-operatives Limited (FCL) is pleased that Regina City Council has officially approved an offer to purchase land north of the Co-op Refinery Complex (CRC). The land would be used to construct a renewable diesel plant. Construction of the new plant is still subject to market conditions and securing necessary government approvals and support. However, the C$5.48 million land purchase option is an integral step towards the construction of the plant.

The construction of a renewable diesel plant will create approximately C$1.85 billion in economic activity through job creation and construction spinoffs. Once operational, the plant will employ up to 150 people and utilize primarily locally grown canola as its main production feedstock. This will, in turn, provide additional economic opportunities for Regina residents and local agricultural producers.

More on the story.

Category: Fuels

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