Lantic Sugar to save $1M in Taber during carbon tax-free window

By Medicine Hat News on August 3, 2019.

Lantic Sugar expects to save $1 million at its Taber processing facility in the window between a cancellation of the Alberta carbon levy in May and the federal price coming in next January, according to its third-quarter financial statements.

At the same time it calls the amount “minimal” for fiscal 2019 as the majority of gas use coincides with the beet slicing campaign that takes place in February, outside the window.

The company that produces Rogers Sugar also reported Thursday that its work to become compliant with emissions standards will be complete by 2020. It will have $1 million of capital spending next year, bringing the total cost of upgrades to between $7 million and $8 million.

Sales revenue in its sugar segment were off slightly compared to last year’s third quarter on slightly lower sales following a strong start to the year. The company is predicting total volume sold to year-end to increase by 25,000 tonnes, or about 5 per cent.

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