Ceres makes deal with Koch
Ceres Global Ag Corp. said Nov. 17 that it has entered into an agreement with Koch Fertilizer Canada ULC for the storage and handling of dry fertilizer products at Ceres’ Northgate Commodities Logistics Centre in Northgate, Sask. at the Canada–United States border (GM Nov. 16, p. 1).
Once constructed, the Ceres facility will include three storage bays with a total capacity of approximately 26,000 st. Koch will have exclusive use of the facility upon its completion in May of 2017.
“This agreement with Koch is an important milestone in our build-out of the Northgate facility,” stated Patrick Bracken, Ceres CEO. “The addition of fertilizer to the suite of commodities that we are able to handle at Northgate will further diversify and grow our revenue at this facility. In addition, we expect that Ceres’ ability to offer fertilizer distribution will make Northgate a more attractive destination for farmers to sell their grain. The opportunity for farmers to backhaul fertilizer is expected to increase Northgate’s draw area in Saskatchewan and Manitoba for grain origination.”
“We continue to look for innovative ways to provide a portfolio of fertilizer products to our customer base,” said Todd Minnihan, managing director, for Koch Fertilizer Canada ULC. “The relationship with Ceres will help Koch serve the needs of our Western Canadian customers.”