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Sucro Sourcing has announced plans to build “Canada’s largest sugar refinery” in southern Ontario, with an estimated cost of $100 million. The sugar refiner expects the new facility to have an annual refining capacity of 1 million metric tonnes. Jonathan Taylor, founder and CEO of Sucro Sourcing, said: "Sucro is demonstrating supply chain innovation and a willingness to invest in new refining capacity in both Canada and the United States. The sugar markets in both Canada and the US are experiencing steady, long-term, sustainable growth, and Sucro is investing to supply these growing market demands." He continued: "We also believe a modern, new refinery in Ontario will be very well placed to service any potential market demand for refined sugar in the US market, and fully utilise Sucro's highly integrated supply chain already in place to service customers in the US market”. Sucro chairman, Don Hill, added: “Due to Sucro's successful low-cost focus in building its previous sugar refineries, including the recently opened sugar refinery in Lackawanna, New York, this new Ontario refinery will not need to be fully utilised shortly after opening. Instead, Sucro will patiently add production based on growing market demand, including any potential export opportunities to the United States.” The new refinery is expected to open in 2025.