Cargill is building a $350-million canola-crushing plant in Regina.
Viterra has received council approval to buy 634 acres and said it will build the world’s largest integrated facility for crushing and processing canola.
It will have capacity to crush 2.5 million tonnes per year.
Viterra did not say how much the plant will cost to build, but when it asked to buy the land, it said it would be used for an $800 million development that would generate $500 million in gross domestic product for the city.
Federated Co-operatives Ltd. opposed the land sale because it said it will interfere with proposals to build another canola crushing plant on the site.
Federated Co-operatives said its plans are for developments worth $2 billion – the canola crushing plant and a renewable diesel plant adjacent to its refinery.
Cargill said it plans to have its Regina plant running by early 2024 and said it is modernizing its plants in Camrose and Clavet over the next 12 months to increase processing capacity and “broaden capabilities” at both locations.