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Co-op spending $75M on 2 fertilizer terminals in Sask. and Man.

Federated Co-operatives Limited (FCL) announced a $75-million investment into two state-of-the-art fertilizer terminals slated for Saskatchewan and Manitoba.

FCL made the announcement in Saskatoon on Tuesday, adding construction on the two terminals has already started just outside of Hanley, Sask., and Brandon, Man. The company said the terminals should be complete by 2017 and the terminals will store, blend, and distribute a full line of crop nutrition products.

"Investments like this are driving our province's growth and building on the strong agricultural foundation Saskatchewan is known for," Saskatchewan Agriculture Minister Lyle Stewart said in a news release. "Our province is a key supplier of agricultural products for Canada and the world and there's a need for continued innovation and investment to help our producers meet this growing demand."

The terminal near Hanley, about 63 kilometres south of Saskatoon, will be able to store up to 45,000 metric tonnes of fertilizer, while the Brandon terminal will hold 27,500 tonnes.

Rail access to both terminals will allow both facilities to efficiently receive product from domestic and international suppliers, while each high-throughput terminal is centrally located for distribution to Co-op Agro Centres across Western Canada.

Each terminal will be able to load a super B trailer of blended fertilizer in 10 minutes and dispense up to 400 metric tonnes of straight fertilizer in an hour.