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Called EGT Development, the project will be the firs t export terminal built in the Unitexd States in more than two The terminal will be capable of handling oilseeds and protein meals and feature a rail loop tracik unloading system capable of holdingfour 110-carr trains. ITOCHU is the second largestt marketer of grain and food productsin Japan, and STX Pan Ocea n of Korea ships agricultural products. Bungwe has oilseed processing assetsin China, an ownership stakre in the Phu My port in Vietna and is a significant seller into the Asian market. Bunge is the majority partner inthe project.
The grain terminal will create about 50 jobs and providdabout $2 million in tax revenue, said Bailey vice president and general managed of Bunge Grain. Construction will begin this montbh with the facility accepting product for the fall2011 St. Louis-based Bunge North the North American operating arm ofWhitw Plains, N.Y.-based (NYSE: BG), is a food and feed ingredient company that operates grain elevators, grainn and oilseed processing plants, refineries and food processinfg facilities in the U.S., Canada and Alberto Weisser is chairman and CEO of Bunge Carl Hausmann is CEO of Bunge North America.
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