The company formed by Bunge and a Saudi investment fund to purchase the former Canadian Wheat Board has completed construction of another two grain elevators started by the CWB.
G3 Canada held a grand opening for its elevator at Pasqua, Saskatchewan and also announced the opening of its terminal at Glenlea, Manitoba on Thursday.
“This is a significant occasion for G3, and these facilities are a great reflection of our overall vision, which is to build a smarter path from farmers’ fields to global markets,” said Brett Malkoske, G3’s Vice-President, Business Development & Communications.
Construction of both elevators started in 2014 and was completed by general contractor FWS earlier this year (RealAg was invited to get an up-close look at the Glenlea elevator’s construction here). They both feature 134-car loop tracks and high-capacity drags to unload a full super-B in five minutes or less, without moving.
The CWB began construction of four new elevators in Western Canada as it was in the process of privatizing and getting into the business of handling grain. All four — at Bloom and Glenlea, Manitoba; Colonsay and Pasqua, Saskatchewan — are now open and operating under the G3 banner following the purchase of the CWB by the joint venture between Bunge and the Saudi Agricultural and Livestock Investment Company (SALIC) in 2015.
Last week, G3 received approval from the Vancouver Fraser Port Authority to construct a new export grain terminal in North Vancouver. The company is also building a 50,000 tonne lake terminal in the Port of Hamilton, which is scheduled to open prior to the 2017 harvest.
- How an Elevator’s Made: An Up-Close Look at the Construction of a Modern Grain Terminal (G3 Glenlea)
- G3 Global Grain Group (Bunge & SALIC Canada) Takes on Majority Ownership of CWB — Updated