There is something big on the horizon, if you approach by sea.
The Alberta Wheat Pool grain terminal that graces the port of Vancouver is partially under new ownership and has a new name, Cascadia Terminal.
Alberta Pool and Cargill began a joint venture with the pool’s existing grain terminal in Vancouver last week. Capable of handling up to six million tonnes of grain per year the facility solidifies the relationship between the two grain industry players.
In the past, Cargill has relied on Alberta Pool to look after the company’s grain movement through the West Coast.ÊThe joint venture gives Cargill guaranteed access to the port.
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At the formal announcement of the deal, pool chief executive officer Gordon Cummings and Cargill Canada president Kerry Hawkins suggested an expansion is already planned.
“Additional capacity within the port is needed to keep pace with international market demands,” said Hawkins.
The grain companies would not comment on the selling price of the 50 percent share Cargill assumed in the operation.
Alberta Pool also maintains a 60 percent interest in the Pacific Elevators Ltd. terminal in the Vancouver port and holds a stake in the Prince Rupert grain terminal consortium on the northern West Coast.
