Regina Construction IV

[Dougler306]

Originally Posted by The mayor

FCL to enter joint venture to construct Integrated Agriculture Complex
January 17, 2022

Federated Co-operative Limited (FCL) is pleased to announce they have signed a memorandum of understanding to form a joint venture (JV) partnership with AGT Food and Ingredients Inc. (AGT Foods). The newly formed JV will look to construct a $360 million canola crush facility. The partnership with AGT is a 51%-49% 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,” said 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.”

“I applaud the leadership Scott and the team at FCL have shown in working together to pursue this exciting opportunity,” said Murad Al-Katib, President and CEO of AGT Foods. “Agriculture is at the forefront of many global challenges and is providing societal solutions to global protein requirements, food and renewable fuel supplies. This project demonstrates Saskatchewan’s leadership in plant-based Foods, Fuels and Feeds and brings together two Saskatchewan companies with the shared goals of decarbonizing our economy and adding value to Western Canadian crop production. We believe that AGT’s capabilities in grain logistics and plant protein ingredients combined with FCL’s strong history in energy and farm inputs creates a powerful partnership that will benefit the comm

Dont show this to some posters in here, as they think all the jobs in Regina and SK are dried up and any jobs here are just related to stupid Oil and Gas which has no future. Those people don't want to see regina land 150 permanent well paying positionsthqt will attract a ton of young talent from all over the country to work here.

Show me the billions in battery manufacturing facility's that Ontario has landed....oh wait they haven't and probably won't