Cargill announced plans last month to build a new canola processing facility in Regina, Saskatchewan. According to the announcement, the $350 million project will build upon the Minnesota-based company's overall investment across its North America oilseeds network.
The facility, which is expected to start construction next year, is projected to have an annual production capacity of 1 million metric tons. Cargill expects the facility to be operational by 2024.
In March, Cargill announced a series of other projects across its U.S. soy processing facilities, valued at $475 million dollars.
