FCL acquires Sask. ethanol plant

SASKATOON ― Federated Co-operatives Limited has reached an agreement with Terra Grain Fuels to purchase TGF’s ethanol plant near Belle Plaine, Sask. The acquisition will position local co-ops to provide renewable fuels to their members and to prepare for the impending national Clean Fuel Standard. “As an active contributor to Western Canada’s energy sector, we understand that we have a role to play in reducing greenhouse gas emissions and finding ways to lower the carbon intensity of the fuel we manufacture and distribute,” said Cal Fichter, FCL’s VP of energy. “This purchase not only prepares us to meet the incoming national Clean Fuel Standard, it also fits our commitment to being a responsible and sustainable contributor to Western Canada’s economy for decades to come.” FCL will retain the plant’s 45 existing employees following the transaction, which is slated to close on May 31.