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Canola production begins at Legumex's Washington plant
A division of Legumex Walker Inc., the Winnipeg-based specialty crop processing firm formed a couple of years ago, has started production at its canola processing plant in Washington state, the only canola processor west of the Rocky Mountains.
Pacific Coast Canola (PCC) oilseed processing facility in Warden, Wash. — which is 85 per cent owned by Legumex walker — started production and completed its first sale and shipment of canola oil and meal during the final week of December 2012.
The plant has a capacity to crush 1,100 metric tonnes of canola seed per day which will yield about 400 metric tonnes per day of the highest grade of canola oil. Company officials say its expect to achieve capacity in the first half of this year.
The company hopes to capitalize on growing demand for canola oil in the U.S.
Canola oil has only about just 10 per cent of the edible oil market in the U.S. compared to 70 per cent in Canada. From 2005 to 2011, growth in canola oil consumption in the U.S. grew by more than 80 per cent.
Legumex Walker is a specialty crop processor specializing in pulses (beans, lentils, peas and chickpeas), other special crops (sunflowers and flax) and canola products. It has 14 processing facilities Manitoba, Saskatchewan and the U.S. Midwest, as well as a plant in China, in addition to the canola plant in Washington.
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ICE Futures Canada Friday: Canola futures prices higher, barley unchanged
05/17/2013 3:05 PM 0WINNIPEG - Closing prices:
Canola: July '13 $10.70 higher $636.80; Nov. '13 $6.10 higher $551.30; Jan. '14 $6.20 higher $552.50; March ...
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