Vancouver Terminal Grain Storage Project
Richardson International Limited (Richardson) is Canada’s largest agribusiness and has served farmers across the country for more than 150 years. Based in Winnipeg, Richardson has over 2,500 employees across Canada and is a worldwide handler and merchandiser of all major Canadian-grown grain and oilseeds.
Known as one of the most efficient port terminal facilities in the world, Richardson’s Vancouver Terminal facility currently handles approximately three million metric tonnes (MMT) of grain and oilseeds each year and is a major exporter of canola and cereal grains to countries along the Pacific Rim. Global demand is growing and Richardson’s Vancouver Terminal is currently operating at maximum capacity. With changes to the Canadian Wheat Board and other changes in the Canadian grain industry, Richardson expects to handle in excess of five million metric tonnes (MMT) of grains and oilseeds with additional storage capacity.
To meet this need, Richardson is increasing grain storage capacity at its Vancouver Terminal by adding a new concrete grain storage facility that will hold 80,000 metric tonnes (MT) of grains and oilseeds. Richardson received a project permit from Port Metro Vancouver on April 15 and will begin construction immediately. The project will take approximately two years to build.
Richardson's Vancouver Terminal Grain Storage Project will benefit both the local and national economies. The project will result in the creation of hundreds of jobs through construction and will lead to the creation of approximately 40 – 50 additional permanent positions at the Vancouver Terminal. Increasing storage space and enhancing efficiency of grain and oilseed shipments through Richardson’s Vancouver Terminal will ultimately improve Canada’s ability to meet increasing demand from world markets.
This project is a significant investment in the Pacific Gateway, supporting Port Metro Vancouver’s vision to meet the forecast for increased Canadian trade. The success of this terminal, and future growth from increased storage capacity, will continue to positively influence Canadian agriculture, industry, communities and Canada as a whole.