Federated Co-op (FCL) is one step closer to a new renewable diesel facility in Saskatchewan.
Last week Regina City Council approved a $5.48 million offer to purchase land north of the Co-op Refinery Complex (CRC). The land would be used to construct FCL’s renewable diesel plant.
According to Federated Co-op, the construction of a renewable diesel plant will create approximately $1.85 billion in economic activity through job creation and construction spinoffs. Once operational, the plant will employ up to 150 people and primarily utilize locally grown canola as its main production feedstock.
The company reports that the land option builds on their recent announcement that it will invest $500 million in carbon capture and storage at the CRC in Regina and the Co-op Ethanol Complex in Belle Plaine. Both projects will provide additional economic spinoff for the Regina region and help further FCL’s sustainability goals.
FCL plans to have the renewable diesel facility operating by 2027.