Canola oil supplier to increase processing capacity by 25%
WINNIPEG, Canada — Richardson Oilseed Limited is increasing crushing capacity at its canola processing plant in Yorkton, Saskatchewan, by 25% due to growing demand for Canadian canola and canola products.
"Strong demand from domestic and international food markets, which is being driven by growing consumer interest in healthier food products and biodiesel mandates, are fuelling increased demand for canola oil," says Pat Van Osch, vice president and general manager of Richardson Oilseed. "Canola is a Canadian success story and we are committed to continuing to increase our presence in the market to meet growing demand for Canadian canola."
Richardson opened its $170 million, state-of-the-art canola processing facility at Yorkton in June 2010. Two years later, Richardson will increase processing capacity at the plant by 25%, increasing processing capacity from 2,400 tons of canola per day to 3,000 tons per day. With this new expansion, the Yorkton plant will have the capacity to process over 1 million tons of canola per year compared to its current 840,000 metric tons annual capacity. Construction will begin in the fall and is expected to be complete by late 2013.