Richardson International has announced it will invest $220 million into its Wesson Oil facility in Memphis, Tennessee.
This multi-phase project will replace the existing refinery with a new, state-of-the-art refinery plant designed to meet the growing global demand for vegetable oil.
"The Wesson Oil facility in Memphis provides Richardson a strong retail brand and a great location supported by a very dedicated team of employees," said Tobias Dewey vice president oilseed operations. "Collectively, these elements provided the confidence to support meaningful investment and innovation in the Memphis plant's operations – including significantly expanding our industrial and food service offerings. We are excited that this plan will soon become fully realized."
When completed, the new refinery will modernize the site and significantly increase production and refining capacity. Improved efficiencies will also drive substantial reductions in water, energy and wastewater volumes.
Jason Medawar, senior director operations in Memphis, said Richardson continues to remain true to its philosophy of being a business in which customers and employees can place their trust.
"There is a 360 degree aspect to what we do," said Medawar. "In considering our employees, our plant, and the local community, Richardson strives to be a responsible operation. This latest announcement underscores our commitment to business sustainability, to best-in-class facilities, and to our team at Memphis. It also underscores a broader commitment to Shelby County, the city of Memphis, and the state of Tennessee."
Expansion and modernization of the Memphis site follows closely behind other initiatives from Richardson's oilseed processing division, including a three-year expansion project at its facility in Yorkton, Saskatchewan, which is more than doubling crushing and refining capability, and an increase in crushing and refining capability at its Lethbridge, Alberta, facility.
