Officials celebrate the SucroCan announcement on Tuesday: Hamilton Oshawa Port Authority board member Keanin Loomis; Ontario Minister of Agriculture, Food and Rural Affairs Lisa Thompson; port authority president and CEO Ian Hamilton; and SucroCan founder and CEO Jonathan Taylor, left to right. (Saira Peesker/CBC)


January 18, 2024

A new sugar refinery is scheduled to open in Hamilton's port lands in 2025, aiming to become Canada's largest, with the capacity to produce one million tonnes of refined sugar annually. The Sucro Can Sourcing facility, located at the foot of Sherman Street North, will utilize the previously contaminated Randle Reef as a key element of its operations.

The once heavily polluted site, part of a major cleanup initiative since 2016, will serve as a "dock wall" for ships delivering sugar to the facility. The Hamilton Oshawa Port Authority (HOPA) will oversee the enclosed reef, signaling the near completion of the cleanup process.

The $135-million investment from Sucro Can and HOPA is expected to create 50 to 75 new jobs, with a potential $1-billion economic impact on Ontario. HOPA President and CEO Ian Hamilton expressed that numerous agri-food businesses have been eagerly awaiting a local sugar supply.

Sucro Can's existing smaller refinery in Hamilton will be phased out upon the new facility's fall 2025 opening. Founder and CEO Jonathan Taylor highlighted that the majority of refined sugar will cater to Ontario's growing agri-food sector, with some destined for export.

Sucro Can, based in Florida and founded in 2014, considered various locations before choosing Hamilton, citing a strong relationship with HOPA and excellent transportation access. The company's focus on improving supply chains has contributed to its success, operating another refinery in New York.

Minister of Agriculture, Food and Rural Affairs Lisa Thompson emphasized the Ontario government's commitment to utilizing waterways for goods transportation, referring to them as "H20 highways." While the project has not received government funding yet, Taylor expressed hope for future support.

Construction of the plant is scheduled for spring and summer, with efforts to minimize sound disruptions. Taylor assured that operational emissions and odors would be limited due to the facility's strategic location away from residential areas, learning from past incidents.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

You may also like

World Economic Forum Chairman Klaus Schwab Retires After 50 Years of Global Leadership

Klaus Schwab, the 87-year-old founder of the World Economic Forum (WEF), has stepped down as chairman. After leading the influential....

China Returns $55m Boeing Jet as Trump Tariffs Impact Trade

A Boeing 737 MAX originally bound for China’s Xiamen Airlines made an unexpected return to the US on Sunday. The....

China-U.S. Tariff War Rattles Trade Ties and Businesses

Chinese exporters are on edge as a sweeping tariff war with the United States threatens long-standing trade relationships. What started....

Trump’s Commerce Chief Says, Electronics Tariff Exemption Is Temporary

The U.S. government’s decision to temporarily exempt electronics like smartphones and laptops from tariffs may not offer lasting relief. The....

Hudson’s Bay Insider Bid Protocol Raises Sale Speculation

Hudson’s Bay Company (HBC) has taken a significant step in its ongoing creditor protection process. A new internal protocol shared....

Prada to Acquire Rival Fashion House Versace in €1.25 Billion Deal

In a major move reshaping the global luxury fashion landscape, Prada Group has officially announced its acquisition of Italian fashion....

Biggest Drop in Gas Prices Across Canada: What’s Behind the Relief?

Canadians have been noticing a welcome change at the gas pumps. Over the past few weeks, fuel prices have fallen....

Trump Pauses Reciprocal Tariff for 90 Days, Hits China Harder with 125%

President Donald Trump has announced a temporary relief in his sweeping tariff policy, pausing higher levies for 90 days on....

Wall Street Fears Another ‘Black Monday’ Amid Trump’s Tariff Shock

U.S. stock futures plunged Sunday evening, triggering fears of a repeat of Black Monday, as markets reacted sharply to President....

In Canadian Business This Week: Key Events to Watch

As Canada steps into a new business week, several developments are set to shape the national economic narrative. From politics....

Ontario Businesses Fined for Hiring 700 Unauthorized Foreign Workers

A major federal investigation has resulted in significant penalties for three Ontario-based businesses that were found guilty of employing hundreds....

Markets Brace for Turbulence and Recession Fears as Liberation Day Approaches

Investors are on edge as Liberation Day, set for April 2, nears. As the year's first quarter ends on a....