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Published January 07, 2011, 12:19 PM

Canadian Company to Build North Dakota Canola Plant

A Canadian company plans to begin building a canola processing plant in Minot, after a study found the project likely would succeed.

By: Associated Press,

MINOT, N.D. (AP) - A Canadian company plans to begin building a canola processing plant in Minot, after a study found the project likely would succeed.

The Minot Daily News reports that Toronto-based BioExx Specialty Proteins will process about 88,000 tons of canola oilseeds each year into protein products used by the food industry.

Chief Financial Officer Chris Schnarr says the company will begin preparing the site in the spring. Plans are to have the plant operating by the middle of next year. The project cost earlier was estimated at about $50 million.

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