WINNIPEG (Reuters) — Louis Dreyfus Commodities will expand its Yorkton, Sask., canola crushing plant capacity by 20 percent.
Dreyfus will start increasing capacity at its Yorkton plant this summer to eventually reach 3,000 tonnes per day, up from the current 2,500 tonnes, according to a company statement April 26.
The canola plant will be one of North America’s largest.
Louis Dreyfus also said it had bought Mitsui & Co. Ltd.’s minority interest in the Yorkton plant, giving it full ownership.
Global demand for vegetable oil from canola continues to grow, making the expansion necessary, said Brian Conn, the company’s vice-president of oilseeds in Canada.
Richardson International Ltd. has announced expansions at both of its Canadian canola plants, including the one in Yorkton, while Bunge Ltd. and Archer Daniels Midland Co. are also expanding in Canada.
Cargill Ltd. is building a new canola crusher near Camrose.
