Federated Co-operative Limited (FCL) signed a memorandum of understanding to form a joint venture (JV) partnership with AGT Food and Ingredients Inc. (AGT Foods).
The newly formed JV will look to construct a $360 million Integrated Agriculture Complex. The partnership with AGT is a 51%-49% split, with FCL holding the majority ownership stake. The canola crush facility will supply approximately 50% of the feedstock required for a 15,000-barrel-per-day renewable diesel plant, with the remainder of the supply contracted from other Integrated Agriculture Complexes.
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