Federated Co-operatives Limited (FCL) had more to celebrate than its 90th anniversary this year, with record profits driven by exceptional market conditions in the energy sector.
The Co-op Refinery Complex (CRC) installed a significant new piece of equipment on Nov. 29, which will be the tallest vessel and one of the tallest structures on site.
An expanded delivery fleet is helping Co-op respond to record-high demands for propane from agricultural producers.
The unseasonably wet harvest is causing record-high demands for propane to use in grain drying and delays in service from propane suppliers such as Co-op.
More than 180 local organizations and causes across Western Canada are fuelling good after more than $600,000 in donations from Co-op.
In British Columbia, FCL and the CRC identified an opportunity to bring a new E-85 fuel to market and provide drivers with an alternative to regular gasoline.
For the third year in a row, FCL has received a positive rating from DBRS, a globally recognized credit ratings agency.
Cal Fichter, Vice-President Energy, has been appointed the Chair of the Canadian Fuels Association Board of Directors.
This fall, Co-op teamed up with thousands of Western Canadians to raise more than $570,000 for registered charities and non-profits — all in a single day.