G3 Canada — the grain company formed with Bunge and SALIC’s acquisition of the former Canadian Wheat Board — is building a new grain terminal in Hamilton to source grains and oilseeds from Ontario.
“Grain exports from southern Ontario have been increasing for some time now. We look forward to expanding our relationship with farmers in the province, and will work hard to establish G3 as the partner of choice in marketing their grain,” said G3 CEO Karl Gerrand in a statement on Tuesday morning.
The company says construction has started on the 50,000 metric tonne facility located at Pier 26 in the Port of Hamilton. The terminal will be used to load grain onto vessels headed to G3’s facilities on the St. Lawrence River, from where it will be shipped to export markets.
“We recognize time is valuable for our farmer partners, which is why this facility has been designed to get trucks in and out as fast as any competing terminal in Ontario,” Gerrand said. “Combined with G3’s existing facilities in Trois-Rivières and Quebec City, and our strong marketing connections, we believe G3 will present a very competitive new option for Ontario farmers.”
Construction at Hamilton is expected to be finished before the 2017 harvest.
G3 Canada, headquartered at the former CWB head office in Winnipeg, has also started the permitting process and engineering work for a new port facility at Vancouver, with reported capacity of 180,000 tonnes.
Related:
- CWB Name Becomes History as G3 Canada Launches
- Who is G3 and What are Their Plans for the CWB?
- CWB’s Infrastructure Taking Shape — Answers to Farmer Ownership Questions Still Up in the Air
- How an Elevator’s Made: An Up-Close Look at the Construction of a Modern Grain Terminal
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