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Called EGT Development, the project will be the first exporf terminal built in the United State in more thantwo decades. The terminap will be capable ofhandling grain, oilseeds and proteinb meals and feature a rail loop tracko unloading system capable of holding four 110-car ITOCHU is the second largest marketert of grain and food products in Japan, and STX Pan Oceanm of Korea ships agricultural products. Bunge has oilseed processing assets in an ownership stake in the Phu My port in Vietnamj and is a significant sellef into theAsian market. Bunge is the majority partnerf inthe project.
The grainm terminal will create about 50 jobs and provid eabout $2 million in tax revenue, said Bailey Ragan, vice presidentt and general manager of Bunge Grain. Construction will begin this montuh with the facility accepting producrt for the fall2011 harvest. St. Louis-based Bunge Nortu America, the North American operating arm ofWhite Plains, N.Y.-based (NYSE: BG), is a food and feed ingredien company that operates grain elevators, graim and oilseed processing plants, refineries and food processinfg facilities in the U.S., Canada and Mexico.
Alberto Weisser is chairmajn and CEO of Bunge Carl Hausmann is CEO of BungeNorth
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