DP World's CAD $150 Million Investment Expands Canada's Canola Oil Export Capacity [Yahoo! Finance]
Richardson Electronics, Ltd. (RELL)
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rell.com/investor-relations
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Source: Yahoo! Finance
VANCOUVER, British Columbia, Sept. 18, 2025 (GLOBE NEWSWIRE) -- DP World has begun full operations at its new Canola Oil Transload Facility at Fraser Surrey, a CAD $150 million strategic investment that enhances Canada's export capacity and strengthens direct connectivity between prairie farmers and international markets. In 2024, Canada exported 3.5 million metric tonnes of canola oil, valued at CAD $5.9 billion. With production concentrated in Saskatchewan (55%), Alberta (29%), and Manitoba (16%), efficient rail-to-port infrastructure is vital to maintaining global competitiveness. The new Fraser Surrey facility adds 1 million metric tonnes a year of capacity, streamlining the movement of canola oil from rail to vessel. Oil arrives by rail from the prairies, is stored in three large-capacity tanks, and is pumped directly to ships via a dedicated underground pipeline. Doug Smith, CEO of DP World in Canada, said: “By streamlining the movement of oil from rail to vessel, this fa
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RELL
Earnings
- 10/8/25 - Beat
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Sec Filings
- 11/20/25 - Form 4
- 10/24/25 - Form S-8
- 10/20/25 - Form 4
- RELL's page on the SEC website