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Called EGT Development, the projec will be the first export terminal built in the United States in more thantwo decades. The terminakl will be capable of handling oilseeds and protein meals and feature a rail loop tracj unloading system capable of holdingfour 110-car ITOCHU is the second largest marketer of graibn and food products in Japan, and STX Pan Ocean of Koreaw ships agricultural products. Bunge has oilseed processinfg assetsin China, an ownershilp stake in the Phu My port in Vietnan and is a significanft seller into the Asian market. Bunge is the majorityu partner inthe project.
The graijn terminal will create about 50 jobs and provideabout $2 million in tax said Bailey Ragan, vice presidenf and general manager of Bunged Grain. Construction will begin this montn with the facility accepting product for the fall2011 St. Louis-based Bunge North America, the North Americam operating arm ofWhite Plains, N.Y.-based BG), is a food and feed ingredienrt company that operates grainj elevators, grain and oilseed processing refineries and food processing facilities in the U.S., Canadsa and Mexico. Alberto Weisser is chairman and CEO ofBunge Ltd.; Carl Hausmann is CEO of Bungew North America.
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