(Derrick Penner – Vancouver Sun)
Canola is Canada’s other major oil export, and Vancouver has just seen its capacity to ship a lot more of it rise within a surging tide of agricultural exports flowing through Port Metro Vancouver.
West Coast Reduction Ltd. last week finished a $9.5 million expansion ($2.8 million of that from Transport Canada’s Asia-Pacific Gateway infrastructure fund) of the rail unloading and handling facilities at its port storage and export facility aimed at increasing its export output by at least 25 per cent.
“The 25-per-cent number is a conservative number,” said Ridley Bestwick, West Coast’s chief financial officer. “We see the expansion taking us from 700,000 tonnes (output per year) to somewhere between one and 1.1 million tonnes.” Click here to read more.