A farmer-owned co-operative based in Sarnia and created to develop new markets for agricultural crop waste is shutting down.
The Cellulosic Sugar Producers Co-operative had 118 growers signed up with 30,000 acres committed to providing corn stovers and wheat straw for bio-industrial uses.
It received support from the federal and provincial governments, Bioindustrial Innovation Canada, and AGRIS Co-operative.
But the co-operative’s board is ceasing operations “to mitigate ongoing expenses and costs,” and has purchased back all investments and membership shares, former president Dave Park said.
“We are proud of the fact that we accomplished so much and were still able to return 100% of the farmer investment.”