GrainCorp says it will cost the company more than $500 million to build a new large-scale oilseed crushing plant as it jostles with Cargill and giant West Australian farming co-operative CBH to become a big player in biofuels.
The company’s chief executive Robert Spurway revealed the price tag on Wednesday, saying he was concerned that market speculation around the cost was too low.
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Brad Thompson was a reporter at The Australian Financial Review
