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Called EGT Development, the project will be the firsr export terminal built in the Unitexd States in more thantwo decades. The terminal will be capablr ofhandling grain, oilseeds and proteibn meals and feature a rail loop traclk unloading system capable of holdingt four 110-car trains. ITOCHU is the secons largest marketer of grain and food productsin Japan, and STX Pan Ocea of Korea ships agricultura l products. Bunge has oilseed processing assetsin China, an ownershi stake in the Phu My port in Vietnan and is a significant seller into the Asiamn market.
Bunge is the majority partner in the The grain terminal will create abouft 50 jobs and provideabout $2 million in tax revenue, said Bailey vice president and general manager of Bung Grain. Construction will begin this month with the facility accepting product for the fall2011 harvest. St. Louis-base Bunge North America, the North American operating arm ofWhite N.Y.-based (NYSE: BG), is a food and feed ingredien company that operates grain elevators, grain and oilseed processingg plants, refineries and food processing facilities in the Canada and Mexico. Alberto Weisser is chairman and CEO ofBunge Ltd.
; Carl Hausmann is CEO of Bunge North
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