A grain terminal project is coming to the Maymont area and the expectation is it could be open within the next two years.
The project is being spearheaded by GrainsConnect Canada and is one of four “grain-receival sites” being built. The others include one more in Saskatchewan and two in central Alberta.
GrainsConnect Canada is a 50-50 joint venture between GrainCorp of Australia and Zen-Noh Grain Corporation (United States), which is a subsidiary of Japan’s Zen-Noh, a major agriculture co-operative in that country.
The joint venture was announced in December. In a company news release issued last Dec. 14, Managing Director and Chief Executive Officer Mark Palmquist stated, “The joint venture will leverage GrainCorp’s existing Canadian footprint, including our Calgary Marketing office and Canadian Malting Company operations, plus Zen-Noh Group’s significant experience and customer relationships in exporting agricultural commodities from North America to Japan and other Asian destinations.”
Some further details on the Maymont project were revealed in an investor’s presentation by GrainCorp on June 16.
All are being described as “high-speed shuttle loaders.” The company confirmed land had been purchased and construction contractors had been commissioned for the projects.
Photos were also released of site preparation and initial drilling for grain elevator construction for the Maymont project.
Construction of all four projects is expected to take place through the end of 2018. There has been talk of a formal sod-turning ceremony for the Maymont project this summer, but nothing is confirmed as of yet.
According to their news release from December the cost of all four projects is estimated at $120 million, with each joint-venture partner in for $30 million while the other $60 million was to come from financial institutions.