World Grain - March 2011 - (Page 13)

newsreview Joint venture to build new canola crush plant in Canada SASKATCHEWAN, CANADA — Clean Power Concepts Inc. announced on Jan. 28 that its subsidiary, General Bio Energy Inc., has signed a Memorandum of Understanding (MOU) with the Chongqing Grain Group Co., Ltd. (CGG) of China. The MOU creates a new Joint Venture (JV) that has as the stated objective to explore the feasibility of jointly building and managing a 600,000-tonne food canola crush plant located in Western Canada. CGG agrees to commit to purchase all oil output/off-take of the JV, while CPOW will purchase all meal output/off-take. CPOW will secure required input seed from western Canadian producers by contracting with producers to provide the input required for the JV. CPOW will serve as the manager, with responsibility for the design and construction of the crush plant. The JV said the plant will be constructed in compliance with Canadian legal, environmental and safety rules, regulations and statutory requirements. The final structure of the JV has not yet been determined, but CGG will be the majority owner. “Our partners in China have immediate demand for the planned capacity of the new canola plant,” Michael Shenher, chief executive officer of Clean Power, said. “The site, while not yet selected, will be situated close to railway transportation transit points available in Western Canada to ensure logistical efficiency. We are excited about the demand existing in China for canola oil and worldwide for off-take canola meal. We look forward to a long, successful future with our partners in China as we work to fulfill their demand.” The Chongqing Grain Group Co., Ltd. is located in Chong Qing, municipality in China. The Group owns 51 subsidiaries and has 21,507 employees. Total assets of the group have reached approximately $920 million. Quality Assurance Sifters Protect Your Products & Reputation Our precision sifters are custom designed to match your stringent requirements. We have an exceptional line of BISSC certified sifters to meet your food production and quality assurance applications. Gentle gyratory action, an unparalleled focus on sanitation, easy access for inspection and maintenance, dependable, safe, quiet, vibration free designs to protect your products, people, reputation and plant. Let us show you the right unit for your application, with quality assurance second to none. CWB purchases lake vessels for grain WINNIPEG, MANITOBA, CANADA — The Canadian Wheat Board (CWB) announced on Feb. 8 the purchase of two new lake vessels that will be ready for service in 2013. The ships will move their wheat on the Great Lakes, under an agreement reached between the CWB and shipping companies Algoma Central Corporation and Upper Lakes Group Inc. “As ship owners, we are moving forward to strengthen farmers’ position in our grain supply chain,” said CWB board chair Allen Oberg, a farmer from Forestburg, Alberta, Canada. “This historic step puts us at the helm. Through the CWB, farmers will share in the control and the profits of Great Lakes grain shipping. This is a value-added investment with significant net benefits for Prairie producers.” Algoma President and Chief Executive Officer (CEO) Greg Wight and Upper Lakes President and CEO Pat Loduca welcomed the partnership with western Canadian producers in purchasing the new state-of-the-art Equinox class bulk carriers, to be operated and managed by Seaway Marine Transport, which is a partnership of the two companies. The CWB’s cost for the two ships is C$65 million, equal to approximately C$1 per tonne, paid over the next four crop years. / World Grain / March 2011 913-682-2291 Product Protection & Production Sifters Since 1858 For more information, see Page 94. 13

Table of Contents for the Digital Edition of World Grain - March 2011

World Grain - March 2011
from the editor-in-chief - Arab revolution of great importance for wheat
Australia’s winter crop estimated to increase 19%
With China crop in trouble, wheat surges upward
Port of Novorossiysk grain volumes decline 36.5%
FEFAC welcomes E.U. decision on GMO
Cargill to build new corn processing plant
Joint venture to build new canola crush plant in Canada
CWB purchases lake vessels for grain
E.U. compound feed production increases in 2010
U.S. fl our production in 2010 gains 0.4%
Industry responds to corn amylase approval
Scoular purchases ethanol plant, shuttle facility
Income from operations, sales soar at MGPI
Grain, ethanol boost The Andersons, Inc. to record results
Bunge’s net income rises on strong agribusiness performance
COUNTRY FOCUS - Focus on the Philippines
Key Facts
Flooding takes toll on Australian grain industry
Single desk survives — for now
What's next for Russia?
A New Vision
Unrest in Egypt
New look for Victam International 2011
Attendance surges at IPE/IFE
Deep in the heart of Texas
Schedule at a glance
Nominations solicited for Milling Operative of the Year
IAOM Conference & Expo - 2011 exhibitor booths
FEED OPERATIONS - Energy savings
Proactive path to PEST MANAGEMENT
Seeking to add customer value
Buhler Technology Group has successful 2010
Stern-Wywiol Gruppe receives prestigious business awards
Perten to supply Turkish Grain Board with Inframatic analyzers
GSI Group launches new customer-centric website
Ocrim supplies Libyan mill
Cargotec to acquire terminal operator systems provider
Eurofi ns appoints new chief scientifi c offi cer
4B Braime opens new subsidiary in Australia

World Grain - March 2011