Viterra’s proposal to build the world’s largest canola-processing facility in Regina appears to be in jeopardy, according to a report from the U.S. Department of Agriculture’s Foreign Agricultural Service (FAS).

The project was placed in limbo in 2024 following the announcement that Bunge would acquire Viterra in a US$8-billion deal.

“It is under review, but industry contacts say plant construction is unlikely to go ahead,” the FAS noted in its report on Canada’s oilseed sector.

A Viterra spokesman told The Western Producer the company remains focused on its integration with Bunge “to ensure a smooth transition for customers across its asset network.”

“We expect to complete the merger shortly, and we should be able to provide an update [on the Regina crusher project] in the near future,” he told the agricultural news publication via email.

If the anticipated cancellation becomes a reality, this would mark the second major canola crush project in Regina to be shelved, The Western Producer noted. Earlier this year, Federated Co-operatives paused its $2-billion Integrated Agriculture Complex, at least in the near term.

The FCL’s proposed project includes a canola-crushing facility jointly owned with AGT Food and Ingredients capable of processing 1.1 million tonnes of seed annually, as well as a renewable diesel plant projected to produce 870 million litres of fuel per year.

FCL has attributed its decision to regulatory and political uncertainty, potential revisions to low-carbon public policy and rising costs.

Photo: Viterra

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