WINNIPEG, MANITOBA, CANADA — G3 Canada Limited (G3), a newly formed Canadian agribusiness, announced on Oct. 13 that it will construct a new lake terminal at the Port of Hamilton in Ontario, Canada to originate grains and oilseeds out of Southern Ontario for export to global markets.
"G3 is excited to announce this major investment in the Port of Hamilton as part of our vision to create a coast-to-coast Canadian grain enterprise," said Karl Gerrand, chief executive officer (CEO), G3. "Grain exports from Southern Ontario have been increasing for some time now. We look forward to expanding our relationship with farmers in the province, and will work hard to establish G3 as the partner of choice in marketing their grain."
The 50,000-tonne facility will be located at Pier 26 in the Port of Hamilton, just off Queen Elizabeth Way. Grains and oilseeds will be loaded on to vessels for transport to G3's facilities on the St. Lawrence River. From there, they will be shipped onwards to export markets around the world.
G3 is a joint venture between Bunge and state-owned Saudi Agricultural and Livestock Investment Company (SALIC) that was established to purchase a controlling interest in CWB, formerly the Canadian Wheat Board. G3 is working to establish an efficient coast-to-coast Canadian grain enterprise that provides stronger market access for growers.
"We recognize time is valuable for our farmer partners, which is why this facility has been designed to get trucks in and out as fast as any competing terminal in Ontario," Gerrand said. "Combined with G3's existing facilities in Trois-Rivières and Quebec City, and our strong marketing connections, we believe G3 will present a very competitive new option for Ontario farmers."
"The Port of Hamilton is one of Ontario's primary agricultural gateways, with agri-food tonnage exceeding 2 million tonnes in 2014,” said Hamilton Port Authority President and CEO Bruce Wood. “Direct access to the Great Lakes St. Lawrence Seaway system means the port is ideally located for agri-food exporters. The Port of Hamilton welcomes major investments such as this one and looks forward to continue our close working relationship with our partners at G3."
Construction on the facility is already under way and is slated for completion prior to the 2017 harvest.