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Called EGT Development, the projecft will be the first export terminao built in the United States in more than two The terminal will be capable of handling oilseeds and protein meals and feature a rail loop track unloadintg system capable of holdingfour 110-car trains. ITOCHU is the second largest marketer of grain and food products in and STX Pan Ocean of Korez shipsagricultural products. Bunge has oilseee processing assetsin China, an ownership stake in the Phu My port in Vietnan and is a significant seller into the Asian market. Bunge is the majorit y partner inthe project.
The grain terminal will creat about 50 jobs and provideabout $2 millio in tax revenue, said Bailegy Ragan, vice president and general manager of Bungde Grain. Construction will begin this month with the facility acceptingg product for the fall2011 St. Louis-based Bunge North America, the North American operatinb arm ofWhite Plains, N.Y.-baser (NYSE: BG), is a food and feed ingredienf company that operates grain elevators, grain and oilseef processing plants, refineries and food processing facilitie s in the U.S., Canada and Alberto Weisser is chairma n and CEO of Bunge Ltd.; Carl Hausmanh is CEO of Bungew North America.
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