Sucro Sourcing will be setting up “Canada’s largest sugar refinery” in southern Ontario by spending around $100 million, reports Food Bev.
The company is likely to have a refining capacity of 1 million metric tonnes at a new facility per year.
Jonathan Taylor, founder, and CEO of Sucro sourcing said, “The Company has shown interest in investing in new refining capacity in both Canada and the United States. The sugar market in both countries is likely to grow steadily for the next few years and Sucro is investing to supply these growing market demands.”
The new refinery in Ontario will help us to provide service to any potential market demand for refined sugar in the US market and will utilize Sucro’s supply chain that is already in place to service customers in the US market, he said.
The new refinery would start operations in 2025.
