Federated Co-op has acquired a Calgary based energy company that had a proposal to build a mega renewable diesel plant in Regina.

True North Renewable Fuels developed plans for a 20-thousand barrel a day facility that could use up to 1-million tonnes of canola oil per year.

Federated Co-op’s vice-president of strategy, Pam Skotnitsky says there is a real opportunity to take it from ”concept stage” to actual execution.

A renewable diesel plant is at least four years away, and is only in the early pre-engineering and design stage.

(CJWW)