Federated secures land in Regina for renewable diesel project

Federated Co-operatives Ltd. has lined up the land it will need to build a renewable diesel plant planned for Regina.

The company said last week that the city has approved the purchase of land north of its Co-op Refinery worth $5.48 million.

FCL announced plans in March to build the plant, which will employ up to 150 people once operational and create approximately $1.85 billion in economic activity.

The plant will mostly use locally grown canola as the main production feedstock. The goal is to have the plant operational in 2027.

Federated said in a statement the project is still waiting on market conditions as well as government approvals and support.

The City of Regina has committed $1 million to the project.