GrainsConnect Turns Sod for New Terminal at Maymont, Sask.

GrainsConnect Canada held a sod-turning for its first high-throughput grain terminal in Western Canada on Tuesday.

The elevator will be built on CN Rail’s Prairie North line at Maymont, Saskatchewan, 90 kilometres northwest of Saskatoon.

“This is a significant milestone for GrainsConnect Canada as it represents the first stage of our substantial investment in Canadian grain infrastructure,” said GrainsConnect Canada President Warren Stow in a news post from CN.

GrainsConnect is a new joint venture between Australia’s GrainCorp and Japanese co-operative Zen-Noh. The partners are investing C$120 million (C$30 million each, plus $60 million debt financing) in setting up four grain terminals in Alberta and Saskatchewan into 2018. According to a GrainCorp shareholder presentation in June, throughput from the four facilities will total 1 million tonnes.

A 3D image in a GrainCorp investor presentation purporting to show a new GrainsConnect Canada loading facility.

A 3D image in a June 16 GrainCorp investor presentation purporting to show a new GrainsConnect Canada loading facility.

“We are pleased GrainsConnect Canada has chosen to locate its first Canadian grain terminal in Maymont on our rail network,” noted JJ Ruest, CN Executive Vice-President and Chief Marketing Officer.

The Maymont facility will have 35,000 tonnes of storage with a 130 hopper car loop. Constructed started this spring and is expected to be complete in late 2017.

The company also received approval from Red Deer County in February to build a 37,000 tonne elevator north of Innisfail, Alberta.

Related:

 

RealAgriculture News Team

A team effort of RealAgriculture's videographers and editorial staff to make sure that you have the latest in what is happening in agriculture.

Trending

Wheat prices jump into August — This week in the grain markets

This week, winter wheat prices touched a three-year high, but it didn’t last. Chicago SRW wheat prices for September 2018 gained 5 per cent or about 26 cents US/bushel to close at $5.56. While the December 2018 contract was up 5.4 percent — or nearly 30 cents — to finish a tad under $5.80. In…Read more »

Related

Leave a Reply

 

This site uses Akismet to reduce spam. Learn how your comment data is processed.